Article 6T0HE UK inflation hits eight-month high of 2.6%, fuelling calls to hold interest rates

UK inflation hits eight-month high of 2.6%, fuelling calls to hold interest rates

by
Richard Partington Economics correspondent
from Economics | The Guardian on (#6T0HE)

Annual increase in November driven by rising cost of petrol and groceries and hike in tobacco duty in budget

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 and groceries and an increase in tobacco duty in the budget.

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