UK: Downside surprise in inflation - TDS

Analysts at TD Securities note that the UK inflation surprised to the downside in September, with headline inflation falling 3 ticks to 2.4% y/y and core inflation falling 2 ticks to 1.9% y/y.

Key Quotes

“As expected, volatile components drove the declines, with food and transport prices the key drags on the headline, and video game and clothing prices the key drag to the core measure.”