British annual inflation steady at 2.7% according to official data
AFPLONDON--British annual inflation stood at 2.7 percent in September, unchanged from the level in August, official data showed on Tuesday.
October 16, 2013, 12:11 am TWN
“The Consumer Prices Index (CPI) grew by 2.7 percent in the year to September 2013, unchanged from August,” the Office for National Statistics said in a statement.
Inflation grew by 0.4 percent in September on a month-on-month basis.
The Bank of England's main task is to use monetary policy as a tool to keep annual inflation close to a government-set target level of 2.0 percent, in order to preserve the value of money.