Inflation stagnated in September in the United Kingdom at 6.7% year-on-year, remaining at its lowest level since February 2022, according to data published on Wednesday by the Office for National Statistics, which however disappoints economists’ expectations. They expected a small drop.
Prices of food products continued to fall, as did those of furniture and household items, but automotive fuels, as well as restaurants and hotels, contributed to pushing prices up, the ONS said in its monthly report.
Salary increase
Wages are now rising faster than prices in the UK, giving workers a respite from the cost of living crisis, while job vacancies continue to fall in a sign that tensions in the labor market are easing. .
The growth of wages (excluding bonuses) reached 7.8% between June and August, the Office of National Statistics (ONS) indicated this Tuesday, a level among the highest recorded since the publication of this data began in 2001.
Source: BFM TV
