Inflation unexpectedly remains at 3.8% as food prices ease

Yorkshire Post

Inflation unexpectedly remained steady last month as upward pressure from petrol prices was offset by easing food costs, according to official figures.

Transcript

00:00Hello, I'm Greg Wright of the Yorkshire Post.

00:03Inflation unexpectedly remained steady last month,

00:07as upward pressure from petrol prices was offset by easing food costs,

00:13according to official figures.

00:15The rate of Consumer Prices Index inflation was 3.8% in September,

00:20remaining at the same level as both July and August.

00:23Economists had expected a reading of 4% for the month.

00:26The Bank of England has previously predicted that UK inflation would peak around September

00:32before steadily falling back down.

00:35My name's Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post.

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