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UK inflation slowdown set to be brief

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London - UK inflation unexpectedly slowed in October, driven down by the price of clothing and university tuition fees, but cost pressures built as the falling pound spurred the biggest jump in import prices in five years.

Consumer-price growth was 0.9% compared with 1% in September, the Office for National Statistics said on Tuesday. The rate was forecast by economists to accelerate to 1.1%. Prices rose 0.1% on the month, the same as a year earlier.

The slowdown is almost certain to prove temporary as separate figures showed the cost of goods leaving factory gates rose 2.1% - the fastest annual pace since April 2012. Input prices jumped 12.2% as import costs surged 14.1%, the most since 2011.

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