UK inflation increases in SeptemberChristian Fernsby ▼ | October 23, 2020
Consumer prices rose a seasonally adjusted 0.41% in September over the previous month.
Rebound Prices for restaurants and hotels also rose markedly
Prices for restaurants and hotels also rose markedly due to the end of the government’s Eat Out to Help Out discount scheme.
Inflation rose to 0.5% in September, up from August’s 0.2%, but still well below the Bank of England’s 2.0% target.
Annual average inflation fell to 1.1% in September (August: 1.2%).
Core inflation rose to 1.3% from August’s 0.9%.
FocusEconomics Consensus Forecast panelists expect inflation to average 0.9% in 2020, up 0.1 percentage points from last month’s forecast, and 1.5% in 2021, unchanged from last month’s forecast. ■