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 tells Investment Week that investors should be looking to protect their portfolios against rising inflation, as the firm believes inflation rates are set to increase further.