Annual inflation in Britain slowed to 4.6% from levels of 6.7% in September

Annual inflation in Britain for October slowed by 4.6%, more than expected to slow by 4.8%, meaning it reached a two-year low last month.

Inflation in Britain reached 6.7% during September and August.

The Bank of England earlier this month left its benchmark interest rate unchanged at 5.25% after ending a string of 14 consecutive rises in September, as policymakers look to battle inflation again to move towards the bank’s 2% target.