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Inflation in the U.K. fell to 1.7% in September, marking its first dip below the Bank of England's 2% target since April 2021. This sharper-than-expected decline has raised market expectations for a potential 25-basis-point rate cut in November. Core inflation in the U.K. fell to 3.2% in September, down from August. Economists caution that inflation could rise again in October due to a regulatory energy price cap increase.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Inflation in the UK fell to 1.7% in September, marking its first dip below
00:07the Bank of England's 2% target since April 2021. This sharper-than-expected
00:12decline has raised market expectations for a potential 25 basis point cut in November.
00:17Core inflation in the UK fell to 3.2% in September, down from August.
00:22Economists caution that inflation could rise again in October due to a regulatory
00:26energy price cap increase.
00:28For all things money, visit Benzinga.com.

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