UK inflation down to 3.6% in October; Autumn Budget to be announced next week

Chancellor of the Exchequer Rachel Reeves said “this fall in inflation is good news for households and businesses across the country, but I’m determined to do more to bring prices down.” UK’s twelve-month inflation rate slid to 3.6% in October, down from 3.8% in September, and a major achievement ahead of the government’s Autumn Budget next week, according to the Office for National Statistics. Core inflation, excluding energy, food, alcohol and tobacco, rose by 3.4% in the year to October, down from 3.5% in September.

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