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inflation, Bank of England
UK inflation surges above Bank of England's 2% target, curbing December rate cut expectations
The hike marks a sharp increase from the 1.7% rise recorded in September and exceeds the 2.2% forecast of economists polled by Reuters.
Shock inflation rate rise kills hope of Christmas Bank of England base rate cut
The bigger than expected inflation rate rise in November – up from 1.7 per cent to 2.3 per cent – has killed hopes of a Bank of England cut in the base rate in December, according to finance experts.
Inflation soars back above Bank of England target in sharpest spike for two years
Inflation
has rebounded back above the Bank of
England
’s 2 per cent target, driving up the cost of living at an accelerated rate. Having hit a 41-year high of 11.1 per cent in 2022, consumer price
inflation
(CPI) had dropped to a three year low of 1.7 ...
3d
on MSN
Inflation set to rebound after jump in energy bills
Data is expected to show a significant rebound in inflation in October after it dropped to a three-year low in the previous ...
20h
British home prices to rise faster than inflation, rents even more
British home price increases will outpace overall inflation and rental costs will rise even faster although affordability for ...
2d
on MSN
Higher energy bills push UK inflation to 6-month high in October
LONDON -- Inflation in the U.K. rose sharply to a six-month high in October and back above the rate targeted by rate-setters ...
2d
What rising inflation means for you: HUGO DUNCAN on why it dashes hopes of a Christmas Bank of England rate cut
The jump in inflation announced today - from 1.7 per cent in September to 2.3 per cent in October - has dashed any lingering ...
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