Rolling coverage of the latest economic and financial news, including the latest UK inflation reportUK inflation expected to slow sharply, easing interest rate pressure
The annual pace of UK price rises is expected to have slowed sharply when the latest official figure for October is released on Wednesday, easing fears that the Bank of England could increase interest rates next month, my colleague Phillip Inman writes.City economists polled by Reuters have signalled that inflation as measured by the consumer prices index (CPI) will fall almost two percentage points to 4.8% from September’s 6.7% reading. Continue reading…
Source link : https://www.theguardian.com/business/live/2023/nov/15/uk-inflation-october-fall-expected-energy-food-interest-rates-house-prices-business-live
Author : Graeme Wearden
Publish date : 2023-11-15 06:23:05
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UK inflation set to fall sharply in October as price rises slow – business live
