UK consumer price inflation rose at the fastest pace in more than a decade in November, far exceeding expectations, ahead of the Bank of England's monetary policy announcement on Thursday.
Consumer price inflation rose to 5.1 percent in November from 4.2 percent in October, the Office for National Statistics said on Wednesday.
This was the highest rate since September 2011, when inflation stood at 5.2 percent. The rate was forecast to rise to 4.7 percent and stayed well above the central bank's 2 percent target.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.