Sunak Claims Success as Annual Inflation Rate Drops to 4.6 Percent

Published on November 15, 2023

The UK’s annual inflation has slowed to 4.6 percent in October, falling sharply from 6.7 percent in September, the Office for National Statistics (ONS) said on Wednesday. The latest figure came as a much-needed piece of good news for embattled Prime Minister Rishi Sunak, who came under scathing criticisms from the newly fired Home Secretary Suella Braverman. The prime minister declared success in delivering his promise to slash inflation by half by the end of the year. The pledge was the first of five priorities Mr. Sunak listed for the year in January. At the time, the latest Consumer Prices Index (CPI) inflation estimate was 10.7 percent in November 2022, down from a peak of 11.1 percent in the previous month....

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