CBI responds to latest inflation data for October 2025

Ben Jones, Lead Economist, CBI, said: 

“Inflation eased in October, broadly in line with the Bank of England’s expectations. With Q3 GDP figures confirming a weak growth backdrop, and the labour market continuing to soften, today’s figures add to the evidence that price pressures are gradually subsiding.

“Combined with the likelihood of further fiscal consolidation measures at the Budget, the data should give the Bank’s Monetary Policy Committee confidence that inflation risks are diminishing. If this trend continues, the case for an interest rate cut in December looks increasingly compelling.”