TMTPOST -- Inflation in the UK surged to a six-month high in October, surpassing the target set by the Bank of England, according to official data released Wednesday. The rise, fueled by higher domestic energy bills and persistent inflation in the services sector, is expected to reinforce market expectations that there will be no further interest rate cuts this year. The Office for National Statistics reported that consumer price inflation climbed to 2.3% in the year to October, up from a three-year low of 1.7% the previous month. The services sector, which makes up about 80% of the UK economy, continues to experience stubbornly high inflation, further contributing to the overall increase. The October rise exceeded forecasts, pushing inflation above the Bank of England's 2% target rate.