UK inflation hits lowest since December 2016, as house price slowdown bites - business live
(The Guardian Business News)

Rolling coverage of the latest economic and financial news, including new data showing the cost of living in BritainLatest: House prices fall in several English regionsBreaking: UK inflation drops to 1.7%What the experts sayClothing and computer games pulled CPI downBut food prices jumpedComing up: Federal Reserve rate decision at 7pm UK time 11.48am BST Core inflation, which strips out volatile items, also fell to a near three-year low.It´s now just 1.5%, down from 1.9% in July, confirming that inflationary pressures weakened over the summer. 11.42am BST This is from the Resolution Foundation:Despite this potential for rising inflation in the future, low inflation now is helping boost real wages - and provide welcome increases in households´ incomes. pic.twitter.com/F7PPPAPhun Continue reading...