CPI

Increase had been expected despite headline CPI falling 0.1 percentage points in

Inflation has fallen to its lowest level in 17 months

The lowest rate since August 2022

Consensus expectations of a fall to 9.8% were not met and RPI remains at 13.5%

Increases attributed to rise in housing and household services costs

Decline driven by fall in fuel prices and drop in cost increases of clothing and footwear

Consumer Prices Index rose by 2% in October 2022

High inflation could be positive news for schemes with caps in place

Liz Truss backs commitment to state pension triple lock at PMQs

Inflation rose from an annual rate of 9.9% in August to 10.1% in September