The inflation rate in the United Kingdom remained stable at 6.7% in September 2023,
holding at August's 18-month low and defying market expectations of a slight decrease to 6.6%.
Softer price increases in food and non-alcoholic beverages (12.1% vs 13.6% in August) and furniture and household goods (3.7% vs 5.1%) were offset by a smaller decline in energy costs...
In the US:
It was quite a week for the US. According to the Bureau of Labour Statistics (BLS) on Wednesday, consumer price inflation slowed to its lowest level since March 2021 at 3.0% in the twelve months to June (vs expected 3.1% ). Core inflation—excludes energy and food—also cooled to 4.8% (vs expected 5.0% ). Additionally, Thursday revealed that the US...
The UK inflation rate has dropped to a 5-month low of 10.1%.
This tells us that the peak inflation may be behind us.
The decrease in transport costs, as well as restaurants and hotels, were the main drivers of the lower inflation rate.
However, if we compare it to other developed nations like the US, France, and Germany - the UK's inflation rate is still quite...
