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An easing of food and drink prices offset by higher petrol and diesel costs meant that the UK's inflation rate has remained at 6.7%

Despite hopes that the UK could see another consecutive fall in inflation, the Office for National Statistics (ONS) announced today (18 October) that the inflation has remained at 6.7%.

The Consumer Price Index (CPI) inflation stayed at the same level at August, marking a halt to three consecutive months of the rate going down. Analysts had also hoped for a further waning of pressure on households to 6.6%, however while food and drink prices have eased, this has been offset by higher petrol and diesel prices for drivers. This has left CPI inflation stubbornly stagnant.

UK inflation: CPI remains stagnant at 6.7% due to high fuel prices despite hopes for a third consecutive dip