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UK inflation hits eight-month high of 2.6%, fuelling calls to hold interest rates

UK inflation hits eight-month high of 2.6%, fuelling calls to hold interest rates

  • By
  • December 18, 2024

Annual increase in November driven by rising cost of petrol and groceries and hike in tobacco duty in budget

  • UK inflation data leaves Starmer miles off goal of growth ‘felt in people’s pockets’
  • Business live – latest updates

UK inflation has risen to its highest level in eight months, adding to pressure on the Bank of England to keep interest rates unchanged on Thursday despite a slowdown in the British economy.

The consumer prices index rose by 2.6% last month from 2.3% in October, driven by the rising cost of petrol, groceries and an increase in tobacco duty in the budget.

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