UK inflation unexpectedly holds steady and bolsters hopes of November rate cut
Yahoo Finance·2025-10-22 17:17
LONDON (AP) — Inflation in the U.K. unexpectedly held steady in the year to September as higher prices at the pump were offset by lower food costs, official figures showed Wednesday in a development that has bolstered hopes of another interest rate reduction next month. The Office for National Statistics said consumer prices rose by 3.8% on an annual basis, unchanged from the levels seen in the previous two months. Most economists had expected the rate to rise to 4%, which would have been double the Bank ...