Consumer prices in the UK in November rose by 2.6% in annual terms, reported the country’s National Statistics Office (ONS).
Inflation thus accelerated from 2.3% in October and became the highest for eight months.
Analysts polled by Trading Economics had also forecast an increase of 2.6 per cent on average.
The most significant increases in November were in the cost of recreation and leisure (up 3.6%), housing and utilities (up 3%), and food and non-alcoholic beverages (up 2%). Transport services fell in price by 0.9%.
Consumer prices in Britain increased by 0.1% in November compared to the previous month, while in October they increased by 0.6%.
Prices excluding the cost of food, alcohol, tobacco and energy (core inflation, CPI Core) increased by 3.5% in annual terms and did not change over the month. In October, the increases were 3.3% and 0.4%, respectively.
Retail price increases (RPI) accelerated last month to 3.6% annualised from October’s 3.4%. It is this indicator that is used by British employers when negotiating wages. The difference in the dynamics of the CPI and RPI indices is due to the inclusion of housing costs in the RPI, as well as the different weighting of airfares, insurance and petrol prices.
