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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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Steady inflation will be relief for policymakers

The steadying of the rate of inflation will be a relief for policymakers after a shock jump in October, when the rate increased to 2.7% from a three-year low of 2.2% in September.

Any increase in inflation would fuel speculation that the Bank of England will hold off from taking further action under its economy-boosting quantitative easing (QE) programme.

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