Inflation Down By 0.3%

Consumer price inflation fell by 0.3% from 2.5% in August to 2.3% in September 2012 according to a statistical bulletin from the ONS. It is the slowest rate of inflation since November 2009 (1.9%). The downward pressure on the CPI came from housing and household services with September's utilities price increases falling out of the CPI calculation. Significant upward pressure came from transport, recreation and culture. The index number for September is 123.5 compared with the 100 base index of 2005. RPI inflation stands at 2.6% down from the 2.9% of August.