Inflation, Economics, Bank of England, Interest rates, Business, UK news, Economic policy, Economic growth (GDP), Monetary policy committee, Office for National Statistics, Rachel Reeves Business | The Guardian
Annual increase in November driven by rising cost of petrol and groceries and hike in tobacco duty in budgetUK inflation data leaves Starmer miles off goal of growth ‘felt in people’s pockets’Business live – latest updatesUK inflation has risen to its highest level in eight months, adding to pressure on the Bank of England to keep interest rates unchanged on Thursday despite a slowdown in the British economy.The consumer prices index rose by 2.6% last month from 2.3% in October, driven by the rising cost of petrol, groceries and an increase in tobacco duty in the budget. Continue reading…
Annual increase in November driven by rising cost of petrol and groceries and hike in tobacco duty in budget
- UK inflation data leaves Starmer miles off goal of growth ‘felt in people’s pockets’
- Business live – latest updates
UK inflation has risen to its highest level in eight months, adding to pressure on the Bank of England to keep interest rates unchanged on Thursday despite a slowdown in the British economy.
The consumer prices index rose by 2.6% last month from 2.3% in October, driven by the rising cost of petrol, groceries and an increase in tobacco duty in the budget.
