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Economy

Lower energy prices sees inflation drop to 4.6%

The decrease in the rate between September and October 2023 reflected downward effects from gas and electricity. Gas costs fell by 31.0% in the year to October 2023, compared with a rise of 1.7% in September

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UK Inflation slowed sharply to 4.6% in October, beating economists expectations, thanks to a marked reduction in energy prices.

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