Sharp 2.3% climb in October, above expectations

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Sharp 2.3% climb in October, above expectations

Customers buy flowers on stalls at Columbia Road Flower Market in East London.

Henry Nicholls | Afp | Getty Images

LONDON — U.K. inflation picked up sharply to a higher-than-expected 2.3% in October, data from the British Office for National Statistics showed Wednesday.

The hike marks a sharp increase from the 1.7% rise recorded in September and exceeds the 2.2% forecast of economists polled by Reuters.

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