Inflation rate stuck at 6.7% in September despite first monthly fall in food costs since 2021

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Inflation rate stuck at 6.7% in September despite first monthly fall in food costs since 2021
Danmark Seneste Nyt,Danmark Overskrifter
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September's figure is important because it is used to set rises to benefit payments and some tax levels next year.

The rate of inflation failed to nudge downwards as expected last month, remaining at an annual rate of 6.7% according to official figures. The headline consumer prices index measure had been predicted to slow to 6.6% in September by a Reuters poll of economists. The higher than expected number - largely a consequence of rising fuel prices - hangs over the government's target of halving inflation this year.

They have been a thorn in family budgets since energy and commodity costs soared in the wake of Russia's invasion of Ukraine, with higher prices passing along supply chains from field, to factory and fork. While lower wholesale costs are now being reflected at the shops, production cuts by major oil-producing nations have raised global oil costs and will maintain pressure on fuel prices in the weeks ahead.

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