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Inflation up to 1.3%, but expected to slide back down again

The Office for National Statistics has revealed inflation on the consumer prices index measure rose by 1.3% in the year to October compared to 1.2% in October. The acceleration was attributed to an increase in the price of toys and games as Christmas approaches, as well as the release of expensive video games. However, economists expect further falls in petrol prices and a price freeze by utility companies to drag inflation back down towards 1%.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

 

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