UK inflation dips to lowest point in months
UK inflation dips to lowest point in months
- The annual inflation rate in the U.K. decreased to 3.6% in October 2023 from 3.8% in September.
- This decline was primarily due to lower domestic energy bills, despite rising food prices.
- Policymakers are likely to consider an interest rate cut at the Bank of England's upcoming meeting as inflation remains above target.
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