The inflation rate in the UK declined to 1.7% in September, the lowest since 2021, primarily influenced by substantial decreases in air travel and household staples.
The average cost of passenger air travel saw a significant drop of 5.0% compared to the previous year, after an alarming rise of 11.9% in August.
Prices of essential items like pizzas fell by 3.3% and carpets dropped by 2.9%, contrasting with their prior increases, reflecting fluctuating economic conditions.
Petrol and diesel prices both saw more noteworthy annual declines in September, with petrol falling by 10.9%, highlighting ongoing shifts in fuel costs.
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