UK inflation falls sharply to 4.6%

UK inflation fell sharply in October to its lowest rate in two years, largely due to lower energy prices.

Inflation, which measures the rate at which consumer prices rise, dropped to 4.6% in the year to October, down from 6.7% the month before.

The figure means a government target to halve inflation by end of the year has been met early.

But there is a limit to how much credit ministers can take for the fall as energy prices settle.