( ) -q-27- UNDATED (Correspondent Jeremy House) “more modest increase.” Inflation in the U.K. has risen sharply to a six-month high in October. [CutID: <Cuts> UK-INFLATION-house-q-WEDam.mp3 Time: 27s Title: UK-INFLATION-house-q-WEDam Out-cue: more modest increase] TAG: Correspondent Jeremy House reporting. It took inflation above the bank’s target rate of 2%. The bank increased its main interest […]
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Higher energy bills push UK inflation to 6-month high in October
( ) -q-27- UNDATED (Correspondent Jeremy House) “more modest increase.”
Inflation in the U.K. has risen sharply to a six-month high in October.
[CutID: <Cuts> UK-INFLATION-house-q-WEDam.mp3
Time: 27s
Title: UK-INFLATION-house-q-WEDam
Out-cue: more modest increase]
TAG: Correspondent Jeremy House reporting. It took inflation above the bank’s target rate of 2%. The bank increased its main interest rate earlier this month by a quarter of a percentage point to 4.75% after inflation fell to its lowest level since April 2021.
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VERBATIM: It’s an increase that’s set to cement market expectations that there will be no further cuts in borrowing rates this year. Britain’s Office for National Statistics says higher domestic energy bills pushed consumer price inflation up to 2.3% in the year to October from the three-year low of 1.7% recorded the previous month. The increase is above forecasts for a more modest increase.