UK inflation announced with major impact on state pension and benefits
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UK inflation remained unchanged at 3.8% in September - beating expectations that it would rise again. This is the same level that was recorded in August . The majority of economists and the Bank of England had expected inflation to rise to 4%. Inflation is used to show how the price of goods or services have changed over time - so prices are, on average, 4% more expensive now compared to what they were 12 months ago. The Office for National Statistics (ONS) releases inflation data every month.
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