The drop last month in the overall rate of inflation to 1.7% was driven by large changes in the cost of air travel, fuel and household staples such as pizza and rice – though some items saw prices continuing to rise. The biggest movement was in the average cost of passenger travel by plane, which fell by 5.0% in the year to September, having previously jumped sharply by 11.9% in the 12 months to August. There were also instances of inflation accelerating, including the average price of coffee (up 4.1% in the year to September, up 1.2% in the year to August); tea (up 6.2% last month, up 3.5% in August); and breakfast cereals (up 2.8% last month, up 1.3% in August). Below is a list of examples of how the Consumer Prices Index (CPI) inflation rate has either eased or accelerated. Two figures are listed for each item: the average rise in price in the 12 months to August, followed by the average rise in price in the 12 months to September.

Source: Express October 16, 2024 10:27 UTC