20 Nov 2024

UK inflation rate up 3,2% in October

  • RE+D Magazine

On Wednesday, November 20, the UK Inflation Report influenced sentiment toward the Bank of England rate path.

The UK’s annual headline inflation rate increased to 2.3% in October, up from 1.7% in September. 

Significantly, the inflation rate exceeded the BoE’s 2% target. Economists had expected an inflation rate of 2.2%, emphasizing the significance of the increase.




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