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The UK inflation rate has remained unchanged at 2.7% in November, the Office for National Statistics has announced.
- 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
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 consumer price index is expected to have fallen to 2.6% in November, from 2.7% in October.
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