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inflation, Bank of England
UK inflation surges above Bank of England's 2% target, curbing December rate cut expectations
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.
Inflation soars back above Bank of England target in sharpest spike for two years
Inflation
has rebounded back above the Bank of
England
’s 2 per cent target, driving up the cost of living at an accelerated rate. Having hit a 41-year high of 11.1 per cent in 2022, consumer price
inflation
(CPI) had dropped to a three year low of 1.7 ...
U.K. Inflation Rebounds Above Bank of England Target
The annual rate of inflation rose above the BOE target in October, a move that was expected by policymakers, who have said they would cut their key rate only gradually.
2d
on MSN
Higher energy bills push UK inflation to 6-month high in October
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 ...
3d
on MSN
Inflation set to rebound after jump in energy bills
Data is expected to show a significant rebound in inflation in October after it dropped to a three-year low in the previous ...
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