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Currency
by ForexNewsNow Team on October 12, 2010

Indicator analysis: U.K. consumer prices rise as expected

Indicator analysis - shoppers browsingNEW YORK (Forex News Now) – U.K. consumer price inflation rose as economists had expected in September, official data showed on Tuesday in one of the day’s spotlight realtime forex news events.

In a key report for indicator analysis, Britain’s statistics agency said its consumer price index rose 3.1 percent year-on-year during the month, the same rate at which it rose in August.

However, the Office for National Statistics said its core CPI, which excludes prices for energy, food, alcohol and tobacco, rose 2.7 percent year-on-year in September, after rising 2.8 percent in August.

Analysts had expected a more modest increase of 2.6 percent in the September’s core CPI, two currency market trading news outlets reported.

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