Hike in energy prices pushes inflation above BoE target at 2.3% in October

Slim chances of rate cut before year-end

Cristian Angeloni
clock • 2 min read
Hike in energy prices pushes inflation above BoE target at 2.3% in October

The UK Consumer Prices Index (CPI) rose by 2.3% in the 12 months to October 2024, up from 1.7% in September.

According to data from the Office for National Statistics today (20 November), the increase was largely driven by a rise in energy prices last month, although it was partly offset by the recreation...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Isio achieves 'record' year for risk settlement business

Isio achieves 'record' year for risk settlement business

Organisation predicts ‘sustained’ growth in BPA market

Holly Roach
clock 20 December 2024 • 2 min read
UK Pensions Awards 2024 - Winners' Supplement

UK Pensions Awards 2024 - Winners' Supplement

Celebrating excellence in pensions

Professional Pensions
clock 20 December 2024 • 1 min read
Consider higher NICs to provide a pension for self-employed, industry urges

Consider higher NICs to provide a pension for self-employed, industry urges

PP survey finds 54% of respondents back proposal put forward by the WPC in 2022

Martin Richmond
clock 20 December 2024 • 2 min read
Trustpilot