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Economy

Energy bills push inflation to 2.3% in October

Monthly housing and household services prices rose by 1.3% in October 2024, having fallen by 0.3% last year. The annual rate rose to 5.5%, up from 3.8% in the year to September.

The rising cost of energy has pushed inflation up to 2.3% in October, above consensus forecasts of 2.2%, according to the latest figures from the Office for National Statistics (ONS).

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