Level is above Bank of England target as retailers issue warning of more prices rises on way
Inflation increased to 2.3% in October, heaping pressure on the Bank of England to delay further interest rate cuts until next year.
Figures released by the Office for National Statistics showed a rise in the consumer prices index (CPI), reversing a downward trend this year in inflation, which was 1.7% in September.
Continue reading…Level is above Bank of England target as retailers issue warning of more prices rises on wayInflation increased to 2.3% in October, heaping pressure on the Bank of England to delay further interest rate cuts until next year.Figures released by the Office for National Statistics showed a rise in the consumer prices index (CPI), reversing a downward trend this year in inflation, which was 1.7% in September. Continue reading…
