Level is above Bank of England target as retailers issue warning of more prices rises on wayInflation increased to 2.3% in October, heaping pressure on the Bank of England to delay further interest rate cuts until next year.Figures released by the Office for National Statistics showed a rise in the consumer prices index (CPI), reversing a downward trend this year in inflation, which was 1.7% in September. Continue reading…
Source link : https://www.theguardian.com/business/2024/nov/20/uk-inflation-rises-delay-interest-rate-cut-price-rises
Author : Phillip Inman
Publish date : 2024-11-20 07:02:10
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UK inflation rises to 2.3%, increasing pressure for delay to interest rate cut
