United Kingdom CPI and RPI Plummets

  @ibtimes on

United Kingdom CPI for September came in showing a flat reading worse than the prior and projected 0.4% and 0.3% respectively while on the year it dipped to 1.1% a severe decline from the previous 1.6% while markets were anticipating 1.3 percent. Core CPI which excludes food and energy prices on the year came in at 1.7% inline with expectations and lower than the preceding reading of 1.8 percent.

Also released was RPI for September showing that it slipped to 0.4% from 0.5% yet is higher than the forecasted 0.3 percent and on the year it came in at -1.4% from -1.3% while it was presumed to fall to -1.5%. RPI excluding mortgage payments for the year ending in September fell to 1.3% from 1.4% which is better than the predicted reading of 1.2 percent.

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