Underlying Inflation Rate Up Again After August’s Record Low

The Office of National Statistics has announced that the underlying rate of inflation has risen again, after falling to a record low during August (see Inflation Rate Hits Record Low). The underlying rate for September was 2.2%, which remains comfortably below the government’s target of 2.5%.

The headline rate also showed an increase on August’s figure of 3.0%, rising to 3.3% for September. This figure is equal to the headline rate recorded in June, which was the highest for two years (see Inflation Climbs To 2.2%).

The Retail Prices Index for August was 171.7.

Subscribers can access RPI trends by selecting “Encyclomedia” from the drop-down box at the top of this page.