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UK Consumer Price Inflation Eases to 3.6% in October

British inflation slowed last month for the first time since May, official figures showed on Wednesday, offering some relief to the government before next week's annual budget and boosting the chance of a December rate cut by the Bank of England.

Consumer price inflation dropped to 3.6% in October from 3.8% in September, its joint-highest since January 2024, the Office for National Statistics said. The fall was in line with forecasts from both the BoE and economists polled by Reuters.

Sterling weakened modestly against the U.S. dollar after the data...

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