UK inflation is expected to swing back above the Bank of England's target due to higher energy prices.The Office for National Statistics will unveil the latest monthly Consumer Prices Index (reading on Wednesday morning.The data is expected to show a significant rebound in inflation in October after it dropped to a three-year low of 1.7% in the previous month.The economic data - which shows how much the prices of goods and services have increased or decreased - is predicted to reveal inflation o

UK inflation is expected to swing back above the Bank of England's target due to higher energy prices.The Office for National Statistics will unveil the latest monthly Consumer Prices Index (reading on Wednesday morning.The data is expected to show a significant rebound in inflation in October after it dropped to a three-year low of 1.7% in the previous month.The economic data - which shows how much the prices of goods and services have increased or decreased - is predicted to reveal inflation of 2.2% for September, according to a consensus of economists.This would see it return to the level witnessed in July and August, and would be in line with recent forecasts by the Bank of England.