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The Guardian - UK
The Guardian - UK
Business
Phillip Inman

Signs of peak inflation open door to earlier Bank of England interest rate cuts

Bank of England Inflation United Kingdom
The Bank of England in the City of London.
UK inflation is still almost double the Bank of England’s target of 2%. Photograph: Maureen McLean/Rex/Shutterstock

Has UK inflation peaked? The latest official figures showing price growth in the UK stayed at 3.8% in September seem to suggest so.

The statement cannot be made with absolute certainty yet but many economists reacted to the latest consumer prices index (CPI) data with a message that the only direction for inflation over the rest of the year was down.

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