British inflation hits 10-year high, bolstering rate hike bets | Malay Mail

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LONDON, Nov 17 — British inflation surged to a 10-year high last month, according to data today that will bolster expectations that the Bank of England will raise interest rates next month. Consumer prices rose by 4.2 per cent in annual terms in October, accelerating from a 3.1 per cent increase...

LONDON, Nov 17 — British inflation surged to a 10-year high last month, according to data today that will bolster expectations that the Bank of England will raise interest rates next month.

“The main upward pressure came from electricity, gas and other fuels,” the Office for National Statistics said.

 

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