Inflation remains negative for second month in October

CPI at -0.1% again

Inflation in the UK has remained negative for another month in October, in line with economists' expectations.

The latest figures from the Office for National Statistics showed inflation in the UK fell 0.1% in the year to the end of October, the same figure as in the 12 months to the end of September. The figure matches the consensus forecast, with economists polled by Reuters expecting CPI to remain at -0.1%. The ONS said upward price pressures for clothing and footwear, as well as a range of recreational goods, were offset by downward pressures for university tuition fees, food, alcohol and tobacco, resulting in no change to the overall rate of inflation month-on-month. CPI has remained a...