UK inflation has halved this year but economic growth remains elusive ...Middle East

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By Hanna Ziady, CNN London (CNN) — UK inflation plunged to its lowest level in two years in October, allowing Prime Minister Rishi Sunak to declare victory on his pledge to halve the rate of price increases this year. But a chorus of commentators say businesses and households still face “worryingly” high bills and a sluggish economy, and Sunak’s other big promise — to generate growth — remains a distant prospect. Consumer prices rose 4.6% last month compared with a year ago, down sharply from 6.7% in September, the Office for National Statistics (ONS) said Wednesday. The slowdown was largely driven by a steep drop in household energy bills, reflecting lower wholesale prices for natura

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