UK inflation rises to 2.3%, increasing pressure for delay to interest rate cut

Figure is above Bank of England target after energy bills push up pricesBusiness updates – liveInflation increased to 2.3% in October, heaping pressure on the Bank of England to delay further interest rate cuts until next year.Figures released by the Office for National Statistics (ONS) on Wednesday showed that a rise in energy bills pushed up the consumer prices index (CPI), reversing a downward trend this year in inflation, which was 1.7% in September. Continue reading...

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Nov 20, 2024 - 02:00
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UK inflation rises to 2.3%, increasing pressure for delay to interest rate cut

Figure is above Bank of England target after energy bills push up prices

Inflation increased to 2.3% in October, heaping pressure on the Bank of England to delay further interest rate cuts until next year.

Figures released by the Office for National Statistics (ONS) on Wednesday showed that a rise in energy bills pushed up the consumer prices index (CPI), reversing a downward trend this year in inflation, which was 1.7% in September. Continue reading...

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