Consumer prices were unrevised in the final report for September. The headline CPI edged 0.1 percent higher on the month for a 1.8 percent annual inflation rate, unchanged from its final August outturn and matching its highest mark since April.
The final HICP was similarly unchanged from its flash estimate and so still shows a flat monthly reading and a 1.8 percent yearly rate, also equalling its final August outcome.
The minor increase in CPI versus August masked a hefty seasonal 6.2 percent jump in clothing prices and a 4.3 percent bounce in the cost of footwear. Energy (1.2 percent) provided a boost too as did food (0.6 percent). However, package holidays (minus 11.6 percent) registered their usual seasonal decline. As a result, core prices (excluding food and energy) softened a tick on the month and, at a 1.5 percent rate, on the year as well.
Even so, underlying inflation is still trending up and with business surveys highlighting increasing cost pressures, should continue to do so into 2018.