Consumer Pricing Index inflation growth figure drops to 3.6% in October; Comment from LHV Bank

19 November 2025

The Consumer Prices Index (CPI) rose by 3.6% in the 12 months to October 2025, down from 3.8% in September.

Link to Office for National Statistics (ONS) inflation announcement: https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/october2025

Commenting, Kris Brewster, Director of Retail Banking at LHV Bank, said:

“This is better news as stubborn inflation figures are finally easing back down, with economists expecting it to drop below the 3% barrier in early 2026.”

“But, however encouraging it is to see inflation edging down, for most households, the difference won’t yet be felt at the tills. With Christmas around the corner, many are still facing a costly festive season. Consumers still need to be proactive, from budgeting carefully to switching to high-interest current and savings accounts that can help offset the squeeze.

“With newer UK banks bringing serious competition to savings and current account rates, it also makes sense to shop around for a better deal and snap up tracker deals now before what many think could bring a 0.25% cut to Bank Base Rate on the 18th December.”