The Consumer Prices Index (CPI) fell by 0.1% in the year to September. Factory gate prices (output prices) fell a further 1.8%. UK house prices increased by 5.2% in the year to August (figures for house prices lag behind inflation statistics).

The figures are published today (13 October) by the Office for National Statistics.

The Government's target for inflation is 2%, which means the Governor of the Bank of England, Mark Carney, will once again be writing to the Chancellor of the Exchequer, George Osborne, to explain why the target has been missed.

The annual inflation rate of house prices breaks down as 5.6% in England, 0.8% in Wales, 2.9% in Northern Ireland and a fall of 0.9% in Scotland.

England's house price increases were driven (as ever) by an annual increase in the East of 8.8% and the South East of 7.4%. Surprisingly, London price increases fell to 4.2%, down from 5.5% in the year to July. The North East recovered from a 0.7% fall in house prices in the year to July to show annual growth of 2.9% in August.

Excluding London and the South East, UK house prices increased by 4.8% overall. Prices paid by first-time buyers were 3.8% higher in August this year than a year ago while existing owners paid an extra 5.8%.