Inflation remains at five-year high

Inflation remains at five-year high
The news defies many economists' predictions
Inflation held steady at 3% during October, according to the Office for National Statistics. The UK's key measure of inflation, the Consumer Prices Index, remains at a five-year high. The news will come as a surprise to many economists who had predicted a rise following increased food price hikes. Many analysts had predicted an increase to at least 3.1%, which would have led to Mark Carney, the Bank of England governor, having to write to Chancellor to explain why he thought the Consumer Price Index had risen above 3%. The... For the full story register now for free or login below...
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