UK inflation eases for first time in five months to 3.6% before crunch budget 🔗 Drop in October’s annual rate raises hopes of interest rate cut after Rachel Reeves’s tax and spending statementFall looks like turning point that heralds interest rate cutBusiness live – latest updatesUK inflation fell to 3.6% in October, easing the path for the Bank of England to cut interest rates after the chancellor Rachel Reeves’s make-or-break budget next week.The Office for National Statistics (ONS) said annual inflation as measured by the consumer prices index cooled for the first time in five months, falling back from a peak of 3.8% over July, August and September. Continue reading... #englishnews #guardian #worldnews #analysis