UK September CPI inflation rises to 3.5%, reinforces BOE November rate hike expectations

UK September CPI +3.5% vs +3.4% y/y expected Prior +3.1% UK September core CPI +2.8% vs +2.8% y/y expected Prior +2.6% As expected, headline annual inflation surged in the Uk during the past month with the reading being the highest since October last year. Higher energy costs…