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The Independent UK
The Independent UK
Business
Karl Matchett

UK inflation drops to four-month low in pre-Budget boost for Rachel Reeves

Rachel Reeves Office for National Statistics Inflation

Inflation fell to 3.6 per cent in October, in a pre-Budget boost to Rachel Reeves - as well as to consumers and businesses.

The latest update from the Office for National Statistics (ONS) showed Consumer Prices Index (CPI) inflation dropping from September, when it surprisingly held at 3.8 per cent. That has led to most analysts to declare inflation has peaked across the UK.

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