UK inflation fell to 1.7% within the yr to September, the bottom price in additional than three years, official figures present.
Decrease airfares and petrol costs had been the primary driver behind the autumn, the Workplace for Nationwide Statistics (ONS) stated.
The drop within the price was bigger than anticipated – economists had predicted a 1.9% price.
It additionally means inflation is now under the Financial institution of England’s 2% goal, paving the best way for rates of interest to be reduce additional subsequent month.
Chief secretary to the Treasury, Darren Jones, stated the drop within the tempo of worth rises “will likely be welcome information for hundreds of thousands of households”.
“Nevertheless, there’s nonetheless extra to do to guard working individuals, which is why we’re targeted on bringing again progress and restoring financial stability to ship on the promise of change,” he added.
September’s inflation determine is often used to set how a lot most advantages will rise subsequent April.
