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Economic data spotlight: UK inflation set to climb as BOE rate hike and autumn budget collide
There's going to be plenty of watchful eyes on the UK CPI report this Wednesday, not least with the autumn budget just around the corner. Another hot set of inflation numbers could very well make life rather uncomfortable for both the government and the BOE. The headline annual inflation estimate is expected to rise to 3.4% in September, up from 3.1% in August. Meanwhile, core annual inflation is expected to also climb to 2.8% in September - up from 2.6% in the month before.
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