UK consumer price index remains in negative territory
According the Office for National Statistics, UK inflation declined 0.1% year-on-year in October, in line with analysts' expectations and flat from the previous month reading.
Core inflation, which excludes volatile items such as food and energy prices rose 1.1% year-on-year from a 1% reading in the previous month, a figure analysts expected would remain unchanged.
On a month-on-month basis, inflation was unchanged at 0.1%, in line with forecast.
So far in 2015, consumer price inflation has been below 1% and it has fallen short of the Bank of England's 2% target since the end of 2013, with Threadneedle Street officials expecting the figure to remain low into next year. ■