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UK inflation unexpectedly cools in September - but analysts say it's the 'lull before the storm'

Added 10-20-21 04:14:01am EST - “UK inflation slowed in September largely due to a measurement quirk, economists said. It's expected to shoot higher before the year is out.” - Markets.businessinsider.com

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Posted By TheNewsCommenter: From Markets.businessinsider.com: “UK inflation unexpectedly cools in September - but analysts say it's the 'lull before the storm'”. Below is an excerpt from the article.

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UK inflation unexpectedly slowed down in September due largely to a measurement quirk, the Office for National Statistics said Wednesday.

Yet analysts said it was most likely a blip, with many predicting that inflation will shoot upwards to a decade high of above 4% before the year is out. One economist said September's figures were "the lull before the storm."

Consumer price index inflation slowed to 3.1% in September from 3.2% in August, the ONS said. Analysts had been expecting another 3.2% figure.

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