- 3 updates
Today's fall in inflation rate is "welcome", but is still not countering the rising cost of living, Labour's Shadow Economic Secretary to the Treasury has said.
Catherine McKinnell MP blamed David Cameron for prices still rising faster than wages, adding that "with inflation-busting hikes in energy prices in the pipeline families and pensioners will carry on feeling the squeeze."
She cited Labour's proposed energy bill freeze and childcare expansions as measures that David Cameron has opposed.
The headline rate of retail price index inflation fell to 2.6% from 3.2% in September, the ONS said.
The rate of consumer price index inflation fell to 2.2% in October - its lowest level in more than a year - from 2.7% in September, official figures showed.