UK in­fla­tion sees big­gest jump since Novem­ber 2014

The Star (Kenya) - - News -

Bri­tish in­fla­tion recorded its sharpest jump in more than two years in Septem­ber, even without any di­rect ev­i­dence of the weaker pound push­ing up prices, of­fi­cial fig­ures shows. An­nual con­sumer price in­fla­tion rose to 1.0 per cent from 0.6 per cent in Au­gust, the high­est level since Novem­ber 2014, and the big­gest jump from one month to the next since June 2014, the Of­fice for Na­tional Sta­tis­tics said. Econ­o­mists polled by Reuters had ex­pected a read­ing of 0.9 per cent, and yes­ter­day’s fig­ure was at the top end of the range of fore­casts. “The wor­ry­ing fac­tor is that today’s fig­ure rep­re­sents only a tiny part of ster­ling’s steep drop, and no ef­fect from the sec­ond big tum­ble ear­lier this month,” Thomas Laskey, fixed in­come in­vest­ment man­ager at Aberdeen As­set Man­age­ment, said.

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