UK Inflation Was Steady in September

Date : 10/16/2019 @ 9:04AM
Source : Dow Jones News

UK Inflation Was Steady in September

By Jason Douglas and Joe Wallace

 

LONDON--Inflation in the U.K. held steady in September, as weak price-growth for fuels and cars offset quicker increases in prices for furniture and hotels.

The Office for National Statistics said Wednesday that consumer prices rose 1.7% on the year last month, the same annual rate as August.

The Bank of England is tasked with keeping annual inflation at 2%. Two of the central bank's nine rate-setters recently signaled they would favor cutting interest rates in the coming months as uncertainty over the U.K.'s departure from the European Union persists.

 

Write to Jason Douglas at Jason.Douglas@wsj.com and Joe Wallace at joe.wallace@wsj.com

 

(END) Dow Jones Newswires

October 16, 2019 04:49 ET (08:49 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.


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