Rise in UK inflation 'unwelcome' ahead of BoE interest rate meeting

MPC meeting on interest rates to take place on 19 December

Sorin Dojan
clock • 4 min read
According to ONS data published today (18 December), the annual rate of the UK Consumer Prices index – which excludes energy, food, alcohol and tobacco – hit 2.6% in November, up from 2.3% a month before.
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According to ONS data published today (18 December), the annual rate of the UK Consumer Prices index – which excludes energy, food, alcohol and tobacco – hit 2.6% in November, up from 2.3% a month before.

Sterling has dipped in response to the UK inflation rate coming in at an eight month high, putting pressure on the Bank of England (BoE) as it prepares to make its final rate call of the year tomorrow (19 December).

According to data published by Office for National Statistics (ONS) today (18 December), the annual rate of the UK Consumer Prices index (CPI) – which excludes energy, food, alcohol and tobacco – h...

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