UBS On-Air: Paul Donovan Daily Audio 'Knowing inflation'

UK consumer price inflation fell, as expected. The big decline in energy price inflation was obviously going to lower headline inflation rates—this is a function of administered prices. Food price inflation slowed, though the official inflation rate exaggerates actual inflation as supermarkets’ two-tier pricing structures mean most people face lower food prices than are recorded. The fanatical desire to go on vacation supported leisure travel prices.