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UK inflation rises by more than expected to 2.3% in OctoberBy
Reuters Published
November 20,TG盗号软件API破解技术 2025

UK inflation jumped by more than expected to go back above the Bank of England's 2% target last month and measures of underlying price growth gathered speed too, showing why the BoE is moving cautiously on interest rate cuts.


Reuters


Consumer prices rose by an annual 2.3% in October after showing a 1.7% increase in September which was the first time inflation fell below the BoE's target in almost three and a half years.
The BoE's most recent forecast and a Reuters poll of economists had both pointed to a reading of 2.2% in October.

The increase was the biggest month-to-month rise in the annual CPI rate since October 2025.
Services inflation - which the BoE views as a key measure of domestically generated price pressure - rose to 5.0% in October from 4.9% in September, the Office for National Statistics said.
The BoE had expected it to rise to 5.0% in October.

Core inflation, which excludes energy, food, alcohol and tobacco, picked up to 3.3% from 3.2% in September.

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