UK consumer price inflation eased more-than-expected in October to its lowest level in three years, due to lower utility costs, thanks to the lowering of the energy price cap.
The consumer price index rose 1.5 percent year-on-year following a 1.7 percent increase in September, figures from the Office for National Statistics showed on Wednesday. Economists had expected the inflation rate to drop to 1.6 percent.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.