Tag Archives: service sector inflation

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. […]