UK inflation drops sharply, bolstering case for a BoE rate cut

LONDON: British inflation fell by more than expected last month, including key measures watched by the Bank of England, according to data on Wednesday that bolstered bets on an interest rate cut next month.

The rate of annual consumer price inflation dropped to 1.7% in September from 2.2% in August, the lowest reading since April 2021, the Office for National Statistics said.