Drop in UK inflation is welcome but does not erase two years of pain

Food prices were 29% higher last month than in September 2021, leaving many households still under pressure

* UK inflation in unexpectedly steep fall to 3.9%
* Business live – latest news




At last, UK inflation has fallen far and fast enough to start to match countries such as France, where the annual rate of price rises has reduced at a faster pace this year.

At 3.9% last month, the headline figure remains almost double the 2% target set for the Bank of England but significantly lower than the 11.1% peak in October last year and below the 5.3% target Rishi Sunak set for the end of 2023. Continue reading...


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