UK sees highest inflation in over a decade

UK inflation hit 5.1% in November, exceeding expectations of 4.8% and reaching its highest point since September 2011. On a monthly basis, inflation increased by 0.7% in November, compared with a fall of 0.1% in November 2020. Richard Carter, head of fixed interest research at Quilter Cheviot wrote that “unfortunately for consumers, peak inflation may still be a few months …

Retirement ProfessionalsUK sees highest inflation in over a decade

UK inflation rises to 4.2% in October

CPI inflation rose from 3.1% in September to 4.2% in October, the highest 12-month inflation print since November 2011, according to the latest figures from the ONS. CPI increased by 1.1% over the month, compared with no change in October 2020. CPIH inflation, which includes owner occupiers’ housing costs, rose by 3.8% in the 12 months to October, up from …

Retirement ProfessionalsUK inflation rises to 4.2% in October