UK Inflation Slows to Lowest Rate in 2 Years as Energy and Food Costs Ease
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Inflation in Britain slowed to 4.6% in October, the lowest rate in two years, thanks to lower energy bills.
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Food inflation also slowed to 10.1%, the slowest pace since June 2022.
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Core inflation, excluding food and energy, eased slightly to 5.7% but remains high.
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The government met its promise to halve inflation from over 10% at the start of the year.
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The Bank of England is expected to keep interest rates at 15-year highs until inflation returns to the 2% target.