Inflation in the U.K. slowed to 2.2 percent from 2.7 percent in September. Economists expected the headline inflation to ease to 2.5 percent from 2.7 percent in September.
Output price inflation eased to 0.8 percent in October from 1.2 percent in September. Economists predicted the output prices to ease to 1 percent.
The pound edged lower against its major rivals after the data. As of 4:32 am ET, the British currency was trading at 1.5860 against the dollar, 158.16 against the yen, 1.4620 against the Swiss franc and 0.8431 against the euro.
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