Inflation sticky at 2.7% in November

clock

UK CPI inflation remained at 2.7% in October, broadly in line with economists' expectations, as RPI inflation fell from 3.2% to 3%.

The Office for National Statistics said CPI was subject to both "significant upward and downward pressures" between October and November. Food, non-alcoholic beverages, gas and electricity prices exhibited the most upwards pressure on the headline rate, with falling fuel prices among the largest downwards pressures. The data means CPI inflation remains in excess of its 2% target, having jumped from 2.2% to 2.7% in October, and policymakers are beginning to broach the possibility of the threshold being scrapped or modified in future. Incoming Bank of England governor Mark Carney sug...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Trustpilot