UK Inflation Shows Unexpected Rise During September

The underlying rate of inflation in the UK rose by 2.1% last month to its highest level since April, according to the latest figures from the Office Of National Statistics (ONS).

The rate of inflation, whilst higher than expected, is still well below the Government’s target rate of 2.5%. According to reports, the figures could mean that interest rates will remain on hold for the time being.

The headline rate of inflation for September was 1.7%.

The retail prices index was 176.4.

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