Inflation falls below 2% target

But what does it mean for workers?

Year-on-year inflation fell to 1.7% in September - lower than the anticipated rate of 1.9%. In other words, the price of a basket of goods and services purchased by the average consumer has risen by less than 2% since September last year.

This is good news - annual inflation peaked at around 11% in October 2022 - and its being driven by falling fuel cost…