UK consumer price inflation eased in October driven by gas and electricity prices, the Office for National Statistics reported Wednesday.
The consumer price index logged an annual growth of 3.6 percent in October, slower than the 3.8 percent rise in September. However, inflation was slightly faster than economists' forecast of 3.5 percent. On a monthly basis, the CPI moved up 0.4 percent after remaining flat in September. Core inflation that excludes prices of energy, food, alcohol and tobacco, edged down to 3.4 percent from 3.5 percent in September.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.