UK CPI inflation rose to at an annual rate of 1.3% in October, according to ONS figures released today.
UK CPI inflation has fallen to its lowest level in five years, undershooting estimates as the impact of falling petrol prices dragged the headline level down near to 1%.
UK consumer price inflation assumed its downwards trajectory once more in July following a sharp spike the previous month.
Fund managers have backed financials, retailers, and housebuilders to benefit following the latest move down in UK inflation.
UK Consumer Prices Index (CPI) inflation fell in the year to May, after the previous month saw its first climb in 10 months.