UK inflation reached 1% in September, its highest rise since November 2014. The Office for National Statistics (ONS) cited clothing, hotel and fuel prices, which remained static, having fallen a year ago, which suggested the weaker pound might be starting to hit import prices. The ONS added the upward pressures were offset the falling cost of air fares and food.
Analyst expectations were said to be for a 0.8% inflation figure, with commentators predicting that a post-Brexit sterling decline could grip tighter… Read entire article >>
[Source: Portfolio Adviser - Sam Shaw - 18 October, 2016]
