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The Independent UK
The Independent UK
Anna Wise

October inflation fall raises hopes of pre-Christmas interest rate cut

There are still concerns about rising food prices (PA) - (PA Wire)

UK inflation fell to a four-month low in October, paving the way for interest rates to be cut before Christmas despite concerns about rising food prices, experts say.

Economists think the latest inflation reading will encourage the Bank of England to reduce borrowing costs at its next decision in December.

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