UK Inflation Outlook Darkens After Months of Decline
- Inflation outlook becoming more gloomy recently after falling for much of 2022
- Inflation rate hit 11.1% in October 2021, highest since 1981
- Latest inflation figure is 4.6%, with similar expected for November
- Falling inflation largely due to international factors and Bank of England monetary tightening
- Question of whether gloomier outlook will lead to interest rate cuts in 2023