By Hanna Ziady, CNN London (CNN) — UK inflation plunged to its lowest level in two years in October, allowing Prime Minister Rishi Sunak to declare victory on his pledge to halve the rate of price increases this year.
UK annual inflation struck a 41-year peak at 11.1 percent in October 2022, stoked by spiking energy prices after the invasion of Ukraine by major oil and gas producer Russia.
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UK inflation has halved this year but economic growth remains elusive | News Channel 3-12 | Since Then