UK inflation jumps to 2.3% in October, exceeding Bank of England’s target

The UK’s inflation rate climbed to 2.3% in October, marking a significant rise from 1.7% in September, according to the Office for National Statistics (ONS). The figure exceeded the 2.2% forecasted by economists, reintroducing inflation above the Bank of England’s 2% target. The unexpected increase complicates expectations of another interest rate cut in December, following […]