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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

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