Rolling coverage of the latest economic and financial news, including the latest UK inflation report

UK 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.

Leave a Reply