LONDON – Inflation in the U.K. fell to a four-month low in October, official figures showed Wednesday, in a move that has raised expectations of another Bank of England interest rate cut next month.

The Office for National Statistics said the annual rate of inflation, as measured by the consumer prices index, fell to 3.6% in October from 3.8% the previous month.

Recommended Videos

Though the rate was the lowest since June, it was a bit higher than the 3.5% that most economists were forecasting for the month. The main downward influence came from domestic energy bills, while a rebound in food prices partly offset that.

Even though inflation remains above the bank's 2% target, economists said policymakers will likely sanction a quarter-point rate cut at their next meeting on Dec. 18, es

See Full Page