- UK inflation held steady at 6.7% in September
- This was higher than economists’ expectations of a 6.6% rise
- Core inflation, which excludes energy and food prices, rose 6.1%
- The Bank of England faces the challenge of bringing inflation down while avoiding a recession
- The bank decided to keep its benchmark rate at 5.25% last month
UK inflation remained unchanged at 6.7% in September, surprising economists who had expected a slight decrease. Core inflation, which excludes energy and food prices, also remained steady at 6.1%. This poses a challenge for the Bank of England as it aims to lower inflation without harming the economy. In an effort to achieve this, the bank decided to maintain its benchmark rate at 5.25% last month.
