CPI inflation hits 5.2% 'peak'

clock •

Consumer inflation continued to stretch away from the Government's target in September after huge rises in gas and electricity bills.

The UK Statistics Authority says electricity prices jumped to 30.3% year on year, up from 18% in August, while gas inflation rose to 49.9%, up from 27.7% the previous month. These price hikes drove the consumer prices index (CPI) annual inflation to 5.2% in September, more than 3% above the Government’s 2% target. But analysts argue 5.2% may represent a peak for CPI and expect the figure to shrink rapidly over the next 12 months as a result of slowing demand in a stagnant economy. Price rises for clothing, footwear, recreation and culture activities also had an upward effect on inflat...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Budget BADR changes could drive flurry of advice M&A but unlikely to hit valuations

Budget BADR changes could drive flurry of advice M&A but unlikely to hit valuations

Firms urged not to rush sales

Isabel Baxter
clock 09 November 2026 • 4 min read
Verve Foundation launches financial planning career pathfinder

Verve Foundation launches financial planning career pathfinder

Free tool is for all candidates exploring roles and vacancies

Sophia Panayi
clock 09 November 2026 • 1 min read
Women in Financial Advice Awards 2026: Photo highlights from the night

Women in Financial Advice Awards 2026: Photo highlights from the night

Celebrating the best women in advice and financial services

Professional Adviser
clock 06 November 2026 • 1 min read