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UK inflation rises to 2.3%, increasing pressure for delay to interest rate cut

By The Guardian   |   1 year ago
UK inflation rises to 2.3%, increasing pressure for delay to interest rate cut

Inflation in the UK rose to 2.3% in October, surpassing the Bank of England's target. Retailers warn of more price hikes due to budget measures. Bank may delay interest rate cuts till next year. UK consumer prices have risen more compared to other major economies.

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