Rishi Sunak hits inflation target as price rises fall to two-year low

Rishi Sunak has hit his inflation target as price rises have slowed to a two-year low, claiming: “We have delivered.”

One of the Prime Minister’s key pledges was to halve inflation to below 5.4 per cent by the end of the year.

But he met it earlier than expected, with Consumer Prices Index (CPI) inflation falling in October to 4.6 per cent – down from 6.7 per cent in September – driven by a slowdown of gas and electricity price rises.

Meanwhile, the Supreme Court will deliver its long-awaited judgment on whether Rishi Sunak’s Rwanda policy is lawful.

It comes after Suella Braverman – who was recently sacked from her role as Home Secretary – warned he has no credible backup plan to “stop the boats”.

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