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Today's news in brief-16/10/24

Summary by Retail Sector
Inflation in the UK has dropped to 1.7% in September, marking its lowest level in over three years, down from 2.2% in August. This decline, driven largely by falling airfares and petrol prices, is below the Bank of England’s 2% target, which may result in pressure to lower interest rates. Transport prices saw a significant annual drop of 2.4%, the largest since 2015, while food prices increased by 1.8%, rising for the first time since early 2023…
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