Sharp fall in UK inflation revealed

UK - The headline rate of UK inflation, which includes mortgage interest payments, fell last month by 0.4 of a percentage point to 1.7%.

The underlying rate fell by 0.3 of a percentage point to 2.3%, just below the government's target level of 2.5%, the Office for National Statistics said. The fall follows a surprisingly sharp rise in inflation in August and will add to pressure for further cuts in interest rates.

Falling prices

The fall in inflation in September was largely due to a drop in p

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