UK Inflation Halves, But Economic Growth Remains Elusive

UK inflation has reached its lowest level in two years, with consumer prices rising 4.6% in October compared to a year ago. However, experts warn that businesses and households still face high bills and a sluggish economy, casting doubt on Prime Minister Rishi Sunak's promise to generate growth. While inflation has halved this year, the Bank of England's target of 2% remains distant. Underlying price pressures persist, and services inflation remains high at 6.6%. The UK economy recorded zero growth in the July-to-September period, and concerns about the cost of living and elevated interest rates have tempered the positive effects of milder inflation.