Inflation falls to lowest level in three years at 1.7% - what this means for you
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Inflation has once again fallen below the Bank of England target of 2% - and to the lowest level in three years. The Consumer Price Index (CPI) level of inflation dropped to 1.7% in the 12 months to September. This is the lowest rate the UK has seen since April 2021 when it was 1.5%. Economists predicted a drop this month, with some believing it could fall to this level. Today's figure sees inflation fall back below the Bank of England's target of 2%, which may now fuel the fire for another
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