The UKs annual headline consumer price index rose 3.6% in October, slightly above market expectations of 3.5% and down from the previous reading of 3.8%.

Core CPI increased 3.4% year-on-year, in line with expectations and below the prior reading of 3.5%.

The data indicate easing underlying inflation pressures for Bank of England policymakers and strengthen the case for a potential interest-rate cut in December.