Inflation in the UK has reached its lowest rate in two years due to a decrease in energy costs, according to the Office for National Statistics (ONS). Consumer prices rose 4.6% in the year through October, showing a deceleration from the previous month. Experts note that while prices are still increasing, the rate of increase has slowed down.
Inflation has tumbled to its lowest rate in two years as energy costs shrink, according to the Office for National Statistics (ONS). Consumer prices rose 4.6% in the year through October, showing a deceleration from the previous month.
The statistics agency attributes this to various factors, including the lowest house prices since 1950. However, experts emphasize that prices are still increasing, albeit at a slower pace.
UK Inflation Energy Costs Consumer Prices Statistics House Prices
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