U.K. inflation picked up sharply to a higher-than-expected 2.3% in October, data from the British Office for National Statistics showed Wednesday. The hike marks a sharp increase from the 1.7% rise recorded in September and exceeds the 2.2% forecast of economists polled by Reuters.

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Higher energy bills push UK inflation to 6-month high in October

The pace at which prices are going up is closely watched as it influences the future path of interest rates.

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Inflation rises to 2.3% in October after energy bills rise

Inflation had fallen to 1.7 per cent after hitting a 41-year high in 2022

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UK inflation rises back above Bank of England’s 2 per cent target

The Office of National Statistics (ONS) has released the latest inflation figures.

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UK inflation rises above 2% target in blow to Keir Starmer

Inflation shows how the price of goods and services has changed over time, with the Consumer Price Index (CPI) being the primary measure

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Inflation rises above Bank of England target again - what it means for your money

Inflation in the U.K. has risen sharply to a six-month high in October

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Associated Press LONDON (AP) — Inflation in the U.K. has risen sharply to a six-month high in October. It’s an increase that’s set to cement market expectations that there will be no further cuts in borrowing rates this year. The Office for National Statistics said Wednesday that higher domestic energy bills pushed consumer price inflation up to 2.3% in the year to October from the three-year low of 1.7% recorded the previous month. The increase…

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THE UK’s rate of inflation has risen above the Bank of England’s target. The Office for National Statistics (ONS) said the Consumer Price Index (CPI) measured 2.3% in the 12 months to October. GettyThe Consumer Price Index was released today[/caption]
Today’s reading is slightly higher than expected with the experts predicting the figure to rise to 2.2%. It comes after inflation measured 1.7% in September, marking the first time it had fallen be…

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UK inflation rate rises to 2.3% in October - what it means for your money

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UK inflation rises sharply to 2.3% in October, above expectations

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Inflation has surged back above the Bank of England’s 2pc target after a rise in energy bills, official figures show.

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UK inflation rises sharply to 2.3% in October, above expectations

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