Inflation falls to near three-year low with energy price cap

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Inflation fell to its lowest level in nearly three years in October, official figures show

Consumer prices rose at a rate of 1.5% compared to 1.7% in September as the energy price cap pushed down electricity and gas prices for 15 million homes, the Office for National Statistics said.

An ONS spokesman said:"A fall in utility prices due to a lowering of the energy price cap helped ease inflation in October. However, this was partially offset by rising clothing prices."AdvertisementThe ONS said house prices in September rose by an annual 1.3% across the UK, unchanged from August after hitting a near seven-year low of 1% in June.

 

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