UK Inflation Slows to 3.6% as Energy and Hotel Costs Ease
UK inflation eased to 3.6% in the year to October, down from 3.8% in September, according to the latest data from the Office for National Statistics (ONS). Although still higher than the Bank of England’s 2% target, this represents the slowest rate of price growth in four months and arrives just ahead of the Chancellor’s Autumn Budget. What Is Driving the Latest Change? The ONS noted that smaller rises in household energy costs were a major contributor to the slowdown. Ofgem increased the energy price cap in October, but the 2% rise was significantly lower than the 9.6% increase applied [...]







