19 November 2025
The UK’s inflation rate has slowed in October according to Office for National Statistics (ONS) falling from 3.8% in September to 3.6%. The easing of inflation is mainly due to gas and electricity prices which increased less than this time last year, despite food and drink prices increasing by 4.9%.
The next Consumer Price Index (CPI) update is due to be released on 17th December, just one day before the Bank Rate is reviewed on 18th December.
Economists are already predicting that the Bank of England's Monetary Policy Committee (MPC) will lower the interest rate even though inflation still remains above the 2% target.
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