'Welcome news for consumers' as inflation drops to three-year low

1.5% in October

Anna Fedorova
clock
'Welcome news for consumers' as inflation drops to three-year low

UK inflation fell to a three-year low in October as the cost of electricity, gas and other fuels were capped, the Office for National Statistics (ONS) has revealed.

UK CPI fell to 1.5% in October from 1.7% in September, below analysts' estimates of 1.6%, after the energy regulator Ofgem lowered its price caps last month, causing energy prices to slump. Gas and...

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