UK inflation rate rises to 2.3% in October – what it means for your money
THE UK’s rate of inflation has risen above the Bank of England’s target.
The Office for National Statistics (ONS) said the Consumer Price Index (CPI) measured 2.3% in the 12 months to October.
GettyThe Consumer Price Index was released today[/caption]Today’s reading is slightly higher than expected with the experts predicting the figure to rise to 2.2%.
It comes after inflation measured 1.7% in September, marking the first time it had fallen below the Bank of England’s target in three years.
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