Chancellor Rachel Reeves will be keeping a close eye on inflation data ahead of her autumn budget, due next Wednesday.
BREAKING: UK inflation dropped to 3.6% in October, easing pressure on households and providing a boost for Rachel Reeves as the chancellor prepares for her make-or-break budget next week.
The Office for National Statistics (ONS) said annual inflation as measured by the consumer prices index cooled for the first time in five months, declining from a peak of 3.8% over July, August and September.
Having reared its ugly head once more in 2025, inflation likely peaked in September when transport costs exerted upward pressure on headline CPI.
The disinflation process remains intact, in our view.
7am GMT: UK CPI inflation for October
9.30am GMT: ONS house price and rents data
10am GMT: Eurozone inflation (final reading) for October
1.30pm GMT: US Housing starts
7pm GMT: US Federal Reserve publishes the minutes from the October FOMC meeting
Continue reading…Chancellor Rachel Reeves will be keeping a close eye on inflation data ahead of her autumn budget, due next Wednesday.BREAKING: UK inflation dropped to 3.6% in October, easing pressure on households and providing a boost for Rachel Reeves as the chancellor prepares for her make-or-break budget next week.The Office for National Statistics (ONS) said annual inflation as measured by the consumer prices index cooled for the first time in five months, declining from a peak of 3.8% over July, August and September.Having reared its ugly head once more in 2025, inflation likely peaked in September when transport costs exerted upward pressure on headline CPI.The disinflation process remains intact, in our view.7am GMT: UK CPI inflation for October9.30am GMT: ONS house price and rents data10am GMT: Eurozone inflation (final reading) for October1.30pm GMT: US Housing starts7pm GMT: US Federal Reserve publishes the minutes from the October FOMC meeting Continue reading…
