UK inflation rises sharply to 2.3% in October, above expectations

LONDON — U.K. inflation picked up sharply to a higher-than-expected 2.3% in October, data from the British Office for National Statistics showed Wednesday. The hike marks a sharp increase from the 1.7% rise recorded in September and exceeds the 2.2% forecast of economists polled by Reuters. Core inflation, which excludes energy, food, alcohol and tobacco, came in at 3.3% for…Read More