Underlying inflation (excluding mortage payments and interest rates) hit the Government’s 2.5% target for the third month in succession in October, according to official data released by the Office for National Statistics this morning.
At the same time headline inflation – which includes mortgage interest repayments – rose 0.1% on the month, while the year-on-year rate slipped to 3.1% from 3.2% in September.
Subscribers can access RPI trends by selecting “Encyclomedia” from the drop-down box at the top of this page.
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