UK inflation hits 10-year high, bolstering rate hike bets

21 November 2021 - 00:00 By Reuters

British inflation surged to a 10-year high last month as household energy bills rocketed, according to data this week that will bolster expectations that the Bank of England will raise interest rates next month.

Consumer prices rose by 4.2% in annual terms in October, leaping from a 3.1% increase in September. ..

This article is reserved for Sunday Times subscribers.

A subscription gives you full digital access to all Sunday Times content.

Already subscribed? Simply sign in below.

Registered on the BusinessLIVE, Business Day or Financial Mail websites? Sign in with the same details.

Questions or problems? Email or call 0860 52 52 00.