Results for: UK inflation

Britain’s annual inflation rate plummeted to a three-year low in September, prompting widespread speculation that the Bank of England will lower interest rates for the second time in as many months. The decline, attributed primarily to cheaper airfares and fuel, signals a cooling economy and strengthens the case for monetary easing.

British consumer prices rose by 2.3% in annual terms in April, slowing from a 3.2% increase in March, the Office for National Statistics said on Wednesday. The Bank of England and economists polled by Reuters had forecast an annual rate of 2.1%.