UK Inflation Holds Steady at 3.8% in September
UK inflation held steady at 3.8% in September, according to the Office for National Statistics (ONS), defying forecasts of a slight uptick to 4%.
The unchanged reading reflects the first notable slowdown in food price growth since March, offering a modest sign that cost pressures are beginning to stabilise. Core CPI, which excludes food and energy, edged down to 3.5% from 3.6% in August.
Nathan Emerson, CEO of Propertymark, said the figures highlight that “the economy remains sensitive, both domestically and globally.
While inflation remains nearly double the Bank of England’s 2% target, the data suggest price rises are moderating: a development closely watched by households, lenders and the property sector alike.
Author summary: UK inflation steady at 3.8% in September.