UK inflation fell to a four-month low in October, paving the way for interest rates to be cut before Christmas despite concerns about rising food prices, experts say.

Economists think the latest inflation reading will encourage the Bank of England to reduce borrowing costs at its next decision in December.

Consumer Prices Index (CPI) inflation fell to 3.6% in October, from 3.8% in September, the Office for National Statistics (ONS) said.

This was the lowest level since June this year, but above the 3.5% that most economists were forecasting for the month.

A slower increase in gas and electricity prices was the biggest factor pulling down the overall inflation rate in October, the ONS said.

Ofgem raised the energy price cap by 2% in October, but this is significantly less than the

See Full Page