Energy bills affect October inflation rate


Standard energy rates will be capped from January 2019, but switching with us could save you as much as £482* on your annual energy bills.

in partnership with Banner uswitch

Looking to switch your business energy supplier? Click here

* Between 1 Jan 2018 and 30 Jun 2018, at least 10% of people who switched energy supplier for both gas & electricity with uSwitch saved £482 or more.

Energy bills provided the biggest downward impact on inflation in the UK in October, according to new figures.

The Office of National Statistics (ONS) stated that the reduction in prices of several major tariffs led to lower energy bills for customers across Britain, while Reuters reports that energy costs have fallen by four per cent on the year.

However, the impact of gas and electricity prices could not stop inflation from rising past the government's target of two per cent for the first time since June.

Major upward pressure came from the rising prices of petrol and food including meat and fruit.

Retail price index inflation also rose to 4.2 per cent last month and was influenced by the same factors that affected the consumer price index.

Lloyds TSB's consumer barometer for September recently found that despite problems in the credit market, consumer confidence has remained high thanks to job security and the ability to pay bills.

Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.

Found this page interesting?

Help spread the word and share this page with your friends and family on your social networks.

Cookies help us deliver our services. By using our services, you agree to our use of cookies. Learn more