UK inflation eases for first time in five months to 3.6% before crunch budget

Drop in October’s annual rate raises hopes of interest rate cut after Rachel Reeves’s tax and spending statementFall looks like turning point that heralds interest rate cutBusiness live – latest updatesUK inflation fell to 3.6% in October, easing the path for the Bank of England to cut interest rates after the chancellor Rachel Reeves’s make-or-break budget next week.The Office for National Statistics (ONS) said annual inflation as measured by the consumer prices index cooled for the first time in five months, falling back from a peak of 3.8% over July, August and September. Continue reading...

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