UK retail prices rose 0.4 per cent in September, above expectations of a 0.1 per cent increase. Annual retail price inflation is now 4.6 per cent, down from 4.7 per cent but higher than the 4.4 per cent expected.

Consumer prices were flat on the month, meaning that annual inflation stays at 3.1 per cent, above the government’s target of 2.0 per cent and above equivalent EU and US measures. Read more