UK food, alcohol and tobacco inflation eased to 1.6% in September
According to TradingView, citing RTT News and dpa-AFX, UK annual food, alcohol and tobacco price growth came in at 1.6% in September, below expectations.
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what happened
According to TradingView, citing RTT News and dpa-AFX, the UK food, alcohol and tobacco price index rose 1.57% year on year in September. The figure stood at 1.62% in August.
The median forecast in a survey of economists was 1.9%, while the Bank of England had projected 2.3%. The actual reading landed below both benchmarks.
why it matters
For markets, the slowdown matters because food and drink are part of the overall consumer price index and feed into the outlook for Bank of England interest rates. Softer price growth can ease pressure on monetary policy, so sterling and gilts typically react to such data alongside the headline CPI.
market impact
Sterling and UK gilts: softer food inflation reduces pressure for higher Bank of England rates
tags
instruments
sources
- UK SEP CPI FOOD/ALC/TOB 1.57% Y/Y (1.9% MED, 2.3% BOE, 1.62% AUG) — TradingView, 21 October 2026 at 06:33 UTC
- UK SEP CPI FOOD/ALC/TOB 1.6% Y/Y (1.9% MED, 2.3% BOE, 1.6% AUG) — TradingView, 21 October 2026 at 06:32 UTC
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