UK inflation drops to 4-month low, paving way for December rate cut

LONDON (AP) — 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. 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 ...