📊 UK Inflation Update - September 2024 📉

📊 UK Inflation Update - September 2024 📉

Hey, young entrepreneurs! 🚀 The latest inflation figures from the Office for National Statistics (ONS) are in, and there’s some good news for your business plans. 🎉

Key Highlights:
▶ CPIH (Consumer Prices Index including owner occupiers’ housing costs)📈 Up by 2.6% over the past year, down from 3.1% in August.

▶ CPI (Consumer Prices Index)📉 Increased by 1.7%, a drop from 2.2% in August.

▶ Monthly Changes📊 CPIH rose by 0.1%, while CPI remained stable.

What’s Driving These Changes?
▶ Transport🚗 Lower costs for air fares and motor fuels are easing the pressure.

▶ Food and Non-Alcoholic Beverages🍔🥤 Still seeing some price increases here.

Extra Stats for the Data Lovers:
▶ Core CPIH (excluding energy, food, alcohol, and tobacco)📈 Up by 4.0%, down from 4.3% in August.

▶ Core CPI📉 Increased by 3.2%, down from 3.6% in August.

▶ Owner Occupiers’ Housing Costs (OOH)🏠 Up by 7.2%, the highest since March 1992.

▶ GDP Growth📈 The UK economy bounced back in August 2024 after two months of stagnation.

Why does this matter to you? 🤔 Lower inflation means more predictable costs and better planning for your business. Plus, with the economy showing signs of recovery, it’s a great time to strategize and invest in growth. 📈💡

Stay ahead of the curve and let’s navigate these economic changes together! 💼📈

#YoungEntrepreneurs #UKEconomy #Inflation #BusinessGrowth #Finance #EconomicUpdate

Reference: 2024-0100-118