Inflation surprises with ‘temporary’ fall to 0.9% in October

Many economists expected the Consumer Price Index to jump to a two-year high. However, UK inflation surprised the market with a fall to 09.% in October. Tommaso Mancuso, head of multi-asset at Hermes speaks to Professional Adviser, telling the publication that investors should be looking to protect their portfolios against rising inflation, as the firm believes inflation rates are set to increase further.