UK inflation rate up 3,2% in October
UK inflation rate up 3,2% in October
  Economy  |  International  |  Data

UK inflation rate up 3,2% in October

Raising questions over BoE rate path.
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RE+D magazine
20.11.2024
The Consumer Prices Index, including owner-occupier housing costs (CPIH), rose by 3.2% in the 12 months to October in UK, up from 2.6% in September.

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.