Inflation has peaked in the UK, but will take a long time to fall, a top investment bank has bet. New data out from the Office for National Statistics on Wednesday will show prices rose 10.9 percent over the last year, according to Deutsche Bank. While above September’s 10.1 percent reading and a 40-year high, “inflation will likely have peaked in October,” Sanjay Raja, an economist at the firm, said.
If his bet materialises, it will provide a welcome respite from what has been a rampant inflation surge over the last year…Analysts: Inflation Has Peaked, But Prices Likely To Remain High
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