Inflation in Britain Rises to The Highest Level in More Than 10 Years

Britain’s consumer price index rose to its highest level in more than 10 years in November, as it jumped to 5.1% from 4.2% in October, which could make the Bank of England recalculate its interest decision tomorrow.

The Office for National Statistics said price pressures from a wide range of goods and services, especially gasoline, clothing, and footwear, were behind the rise.

The rate exceeded analyst expectations, which had indicated an increase of 4.7%.