In October, UK inflation is expected to have exceeded the Bank of England's target, as indicated by a Bloomberg survey of 24 forecasts.
The consumer price index is projected to show a 2.2% annual increase, a significant rise from the previous month's rate of 1.7%.
This previous rate had fallen below the BOE's 2% target for the first time in over three years.
The Bank of England may adopt a cautious approach towards interest rate cuts due to the anticipated surge in inflation.
Policymakers will carefully consider the impact of rising inflation on economic stability as they make future monetary policy decisions.