UK September Inflation Accelerates Beyond Expectations; Public Borrowing Hits Five-Year High

English summary

UK September CPI rose to 3.5% YoY and core CPI to 2.8%, driven by energy prices, reinforcing expectations for a Bank of England rate hike in November. Meanwhile, public sector net borrowing hit £24.5 billion, the highest monthly figure in over five years, with surging interest payments raising concerns about fiscal sustainability.