Rishi Sunak Gets A ‘Win’

Headline inflation in the UK plunged in October, data released on Wednesday showed. The moderation in the 12-month CPI rate from 6.7% in September to 4.6% last month counted as the largest in over three decades. October's annual pace was also the slowest in two years. There's a (very) long way to go yet, but with this preordained decline in hand, the UK no longer looks so anomalous among developed markets from an all-items perspective, even as core price growth remains almost triple target.