UK inflation flat in September at 6.7% as fuel price rise offsets slowing food inflation

U.K. inflation unchanged at 6.7% in September, ending streak of declines due to rise in fuel prices offsetting slower food inflation

Food prices fell monthly for first time in 2 years, but easing driven by small movements; core inflation also edged down slightly

Falling inflation brings some relief as wages now rising faster than prices, but pressures persist and energy price spike risks resurgence

Inflation still high vs international peers at under 4% in U.S. and 4.3% in eurozone; expected to fall under 5% in U.K. by year-end

Bank of England expected to maintain restrictive policy stance as rates are highest since 2008 and more tightening seen needed to meet 2% target