UK Inflation Takes a Dive

In Short
UK inflation plummets to a two-year low, bolstering expectations of a Bank of England rate cut by mid-next year.

What’s going on?
Picture this: UK inflation, the notorious headline-maker for its relentless surge, has finally slowed its roll, dipping to 4.6% in October - the lowest since 2021. This significant drop from September's 6.7% has Prime Minister Rishi Sunak beaming, claiming a win in his mission to slash inflation by half. But there’s more than meets the eye.

Why does it matter?