UK Inflation Plummets to 4.6% in October, a Two-Year Low

UK inflation experienced a significant drop in October, decreasing to 4.6% from the previous month's 6.7%, reaching a two-year low. The monthly headline consumer price index remained flat, contrary to expectations of a 4.8% year-on-year increase and a 0.1% rise from the previous month, as anticipated by economists polled by Reuters. Additionally, core CPI, excluding volatile elements, declined to an annual rate of 5.7% in October from 6.1% in September.