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Inflation rate dips once more
Inflation dipped for the fifth consecutive month. Under the Retail Prices Index (RPI), inflation was 4.6% in September, against 4.7% in August. Consumer Prices Index (CPI) inflation was unchanged at 3.1% for the second consecutive month.
The RPI figure will be used to increase pensions next April, while the CPI will be used to uprate other benefits.