UK Inflation Falls to Lowest Rate in Two Years, But Cost of Living Crisis Not Over
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UK inflation fell to 4.6% in October, the lowest rate in two years, mainly due to lower energy prices.
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The fall means the government met its pledge to halve inflation by the end of 2022 early.
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But economists say the fall is largely due to the energy price cap, not government policy.
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Inflation remains well above the Bank of England's 2% target.
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Cost of living crisis is "far from over" with food and energy still higher than pre-crisis.