Today news
About the same in other media
25.12 - 18:59
UK inflation jumps to 10-year high as petrol prices soar
Reading now: 245
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 took the consumer prices annual rate to its highest level since September 2011, when it stood at 5.2%.
Analysts said the increase in that measure from 4.2% in October is expected to put further pressure on the Bank of England to raise interest rates when it meets on Thursday, although the spread of the Omicron variant may deter policymakers from taking such action until the new year.
Petrol was one of the main drivers of inflation after it rose to an average 145.8p a litre in November compared with 112.6p a litre a year earlier. The
Read more on theguardian.comAbout this in other media
Christmas Eve trade slumps in British high streets over Omicron risk theguardian.com /2 years ago
‘Santa rally’ sees FTSE 100 hit 22-month high on Omicron optimism theguardian.com /2 years ago
Dismal post-Christmas forecast for Omicron-hit high streets in UK theguardian.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
