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Nov 10 2017, 08:20 GMT
Yesterday’s CPI inflation release for October showed that inflation ticked up to 0.6% from 0.2% but remains broadly subdued across sectors. In particular, the fall in sterling has weighed on goods prices, down 1.9% in the year but easing from a 2.3% fall in September. This will continue to be supportive of household incomes in the near term, with the CPI expected to accelerate gradually from here.