UK Economy: Inflation Hits Eight-Month High

UK inflation rose to an eight-month high in November, drifting further above the Bank of England’s 2% target. The consumer prices index increased 2.6% annually, up from 2.3% in October, the Office for National Statistics said on Wednesday. Dan Hanson from Bloomberg Economics breaks down the situation and what it may mean for the BOE ahead of Thursday's interest-rate decision.
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