UK inflation jumps to 10-year high as petrol prices soar

Increase to 5.1% in November puts further pressure on Bank of England to raise interest rates

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UK inflation jumped to 5.1% in November as the price of petrol reached a record high and a computer chip shortage continued to push up the cost of cars.

The Office for National Statistics (ONS) said the increase, which exceeded City forecasts of a rise to 4.8%, took the consumer prices annual rate to its highest level since September 2011, when it stood at 5.2%.