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The Independent UK
The Independent UK
National
Via AP news wire

UK inflation drops to 4-month low, paving way for December rate cut

Britain - (Getty)

Inflation in the U.K. fell to a four-month low in October, official figures showed Wednesday, in a move that has raised expectations of another Bank of England interest rate cut next month.

The Office for National Statistics said the annual rate of inflation, as measured by the consumer prices index, fell to 3.6% in October from 3.8% the previous month.

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