Labour Research (December 2001)

News

RPI retains downward course

Inflation fell to its lowest level for almost two years in October. The headline rate fell to 1.6% from 1.7% in September.

The government's preferred measure, excluding mortgage interest payments, remained unchanged at 2.3%, and so below the Treasury's target of 2.5%.


This information is copyright to the Labour Research Department (LRD) and may not be reproduced without the permission of the LRD.