UK inflation remained negative at -0.1% in October
Reading stays below zero for second successive month as falling global commodity prices and strong pound weigh down rate
Inflation was negative for a second successive month in October, at -0.1%, according to official figures, leaving the cost of living for Britain's households practically unchanged since January.
The Office for National Statistics (ONS) said the rising cost of clothing - the biggest upward contribution to inflation - had been more than offset by declining food prices and the fading impact of costly student fees. It is the first time two successive monthly readings have been below zero since the consumer prices index (CPI) started to be calculated in 1996.
Related: UK inflation is negative again, but what does this mean for consumers?
Continue reading...