US inflation falls 0.1% in June from prior month
US inflation cools again, potentially paving way for Fed to cut interest rates soon
Consumer prices
![US inflation falls 0.1% in June from prior month]()
UK inflation leaps to 10-year high
Consumer prices rose by 4.2% in annual terms in October, leaping from a 3.1% increase in September. Both the BoE and a Reuters poll of economists - none of whom had predicted such a big increase - had pointed to a reading of 3.9%.
![UK inflation leaps to 10-year high, bolstering rate hike bets]()
