Inflation at peak say analysts

Despite the rises, analysts expect the September figures to be the peak of the cycle, as the impact of falling oil prices and economic slowdown takes effect. Some reckon that inflation could plummet to 1pc by this time next year. Richard Snook, senior economist at the cebr, said: "The breakdown of the figures shows that food and transportation inflation remain high, although they have declined from their respective peaks in the summer. The key driver of the higher than expected rise in September was utility prices. These tend to follow the wholesale price of energy with a three to four...