Price rises set to cool in reprieve for households

PRICE rises could be cooling off across the UK after inflation peaked in September, offering some relief to households, experts believe.

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Economists think the rate of Consumer Prices Index (CPI) inflation will have fallen in October, when official statistics are published on Wednesday.

It comes after the Bank of England said last week that it thinks inflation has “peaked” and will begin to come down.

CPI came in at 3.8% in September, remaining at the same level as both July and August, the latest data from the Office for National Statistics (ONS) showed.

Some economists are expecting CPI to fall to 3.5% in October.