1.2%

Inflation has hit its highest level in more than two years thanks to the sharp depreciation of the pound since the Brexit vote, according to the latest prices...

Inflation has hit its highest level in more than two years thanks to the sharp depreciation of the pound since the Brexit vote, according to the latest prices report from the Office for National Statistics. The Consumer Prices Index rose 1.2 per cent in the year to November, up from 0.9 per cent in October and more than the 1.1 per cent increase City of London analysts had expected. That was the fastest rate of increase since October 2014.

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