Inflation down

In September, the Retail Prices Index (RPI) rose by 2.3% — the lowest level since November 2009.

The inflation rate was down from August’s rise of 2.4% on the back of lower energy and food prices.

Under the Consumer Prices Index (CPI), inflation was down to 1.2% from 1.5%.

The latest figure means that the Bank of England is more likely to raise interest rates later in 2015 than previously thought.

www.ons.gov.uk/ons/rel/cpi/consumer-price-indices/september-2014/index.html