UK inflation unexpectedly held steady in September at 6.7% as hard-pressed households came under pressure from soaring fuel prices. The Office for National Statistics said the annual inflation rate as measured by the consumer prices index remained unchanged from August’s reading, halting months of progress towards easing the pressure on households. Raising questions over the Bank of England’s next decision on interest rates in November, the reading confounded the predictions of City economists for a modest fall to 6.6%. After the latest reading, inflation is still well above the Bank’s 2% target. skip past newsletter promotion Sign up to Business Today Get set for the working day – we’ll point you to all the business news and analysis you need every morning “,”newsletterId”:”business-today”,”successDescription”:”Get set for the working day – we’ll point you to all the business news and analysis you need every morning”}” config=”{“renderingTarget”:”Web”}”>Privacy Notice: Newsletters may contain info about charities, online ads, and content funded by outside parties. For more information see our Privacy Policy. We use Google reCaptcha to protect our website and …

The post UK Inflation Unexpectedly Holds steady at 6.7% amid rising fuel prices | Inflation appeared first on Skeptic Society Magazine.