Inflation rate unchanged at 2.7%

The rate of consumer price index inflation remained unchanged at 2.7% in November, official figures showed.

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Future pressures likely to push inflation back up

  • The impact of energy bill increases from supplier SSE will be offset by the effect of steeper utility bill rises in November last year
  • But with further hikes from other providers coming into force, CPI inflation is predicted to peak at 3.5% by mid-2013
  • Resurgent inflation will come as a blow to pensioners and savers, who have seen their income hit hard by rock bottom interest rates

Rate of UK inflation forecast to fall

Analysts predict the UK's rate of inflation will fall today in a brief respite before a predicted surge in the cost of living over the coming months.

 The official figures from the Office for National Statistics are published at 9:30am.
The official figures from the Office for National Statistics are published at 9:30am. Credit: Press Association

The consumer price index is expected to have fallen to 2.6% in November, from 2.7% in October.

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