Business Live: Inflation hits higher than expected 2.3% in October as energy bills rise
November 20, 2024
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47:51Now PlayingBusiness Live: Inflation hits higher than expected 2.3% in October as energy bills rise
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as posted by the channelWatch Business Live as inflation has risen by more than expected due to an increase in energy bills, according to official figures.
It's the first rise in the rate of price increases, as measured by the consumer prices index (CPI), for three months.
The figure stood at 2.3% in October, according to the Office for National Statistics (ONS), above the 2.2% forecast by economists. This is also a sizeable increase on the 1.7% recorded a month earlier.
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