Higher energy bills push UK inflation to 6-month high in October

U.K. inflation surged to a six-month high of 2.3% in October, exceeding the Bank of England's target. Driven by rising energy bills and robust service sector inflation, this unexpected increase is likely to deter further interest rate cuts this year. Global uncertainty, including the potential inflationary impact of new U.S. policies, further clouds the economic outlook.
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