Sunak Claims Success as Annual Inflation Rate Drops to 4.6 Percent

CPI rates suggest prices remained stable between September and October but grew slower annually, from 6.7 percent in September to 4.6 percent in October.

British Prime Minister Rishi Sunak walks at Downing Street in London, Britain, on Sept. 6, 2023. Susannah Ireland/Reuters

The UK’s annual inflation has slowed to 4.6 percent in October, falling sharply from 6.7 percent in September, the Office for National Statistics (ONS) said on Wednesday.

The latest figure came as a much-needed piece of good news for embattled Prime Minister Rishi Sunak, who came under scathing criticisms from the newly fired Home Secretary Suella Braverman.