Decline in annual rate in October eases fears that Bank of England will raise interest rates again this yearAnalysis: UK interest rate cuts are not coming any time soonInflation: which goods and services have changed most in price?Business live – latest updatesThe UK’s annual inflation rate fell sharply to 4.6% in October on the back of cheaper gas and electricity, its lowest level for two years.Marking the steepest single month decline in the consumer prices index (CPI) since 1992, the fall from 6.7% in September also beat the 4.8% figure predicted by a poll of economists for Reuters. Continue reading…
Source link : https://www.theguardian.com/business/2023/nov/15/uk-inflation-drops-gas-electricity-prices-interest-rates
Author : Phillip Inman
Publish date : 2023-11-15 12:48:53
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UK inflation drops sharply to 4.6% as energy prices fall
