Tag: drop in UK inflation

LONDON: UK data Wednesday is set to reveal a sharp drop in inflation, which would ease a cost-of-living crisis for Prime Minister Rishi Sunak's embattled government.Analysts' consensus forecast is for the Consumer Price Index (CPI) to have fallen below five per cent in October.Prices rose 6.7 per cent in September from 12 months earlier, which was the highest level among G7 rich nations.Sunak, who this week carried out a major reshuffle of his cabinet before a general election next year which his Conservative party is forecast to lose,...