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UK consumer inflation highest since March 2012 in September

U.K. inflation rose to 3.0% in September, the highest since March 2012 and up from an annual 2.9% in August as the depreciation of sterling following the Brexit vote fed into prices, the Office for National Statistics said.

Including the cost of owner-occupiers' housing, inflation rose to 2.8% in September from 2.7% in August and 1.3% in September 2016.

Increases in prices of recreational goods, along with transport costs, pushed the headline figure up, partially counteracted by slowing clothing price inflation.

Meanwhile, a
nnual U.K. producer price inflation slipped in September to 3.3% after rising for the first time in six months in August to 3.4%, the office said in a separate report.

Core output inflation was 2.5% while input prices rose 8.4% in the year to September, the same rates as noted the month before.

The relatively stable annual rates for both input and output prices reflected u
pward contributions from energy, offset by downward contributions from other industries.