Inflation falls to 2.4% in September

Main points

• The Consumer Prices Index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 2.2% in September 2018, down from 2.4% in August 2018.

• The largest downward contribution came from food and non-alcoholic beverages where prices fell between August and September 2018 but rose between the same two months a year ago.

• Other large downward contributions came from transport, recreation and culture, and clothing.

• Partially offsetting upward contributions came from increases to electricity and gas prices.

• The Consumer Prices Index (CPI) 12-month rate was 2.4% in September 2018, down from 2.7% in August 2018.
  
  Consumer price inflation, UK: September 2018