Tag Archives: cost of living crisis

UK Inflation Cools Sharply in October, Offering Respite to BoE and Sunak

UK Inflation Cools Sharply in October, Offering Respite to BoE and Sunak

British consumers received a welcome surprise on Wednesday as official data revealed a sharper-than-expected slowdown in inflation during October. The annual Consumer Price Index (CPI) plunged to 4.6%, a significant drop from September’s high of 6.7%. This deceleration marks the smallest increase in consumer prices in two years, signaling potential relief for the UK economy. […]