UK Inflation Set for 'Seismic Drop' to Lowest in 2 Years
- Inflation poised for "seismic drop" to lowest in 2 years in UK, hitting around 4.8% in October
- Will be largest decline since 1992 if figures next week match expectations
- Comes after inflation hit 11.1% in October, a 40-year high
- Marks achievement of Sunak's goal to halve inflation by end of 2022
- Expected to continue falling steadily over next 2 years after peaking in October