crossorigin="anonymous"> Inflation in the UK rose for the second month in a row. – Subrang Safar: Your Journey Through Colors, Fashion, and Lifestyle

Inflation in the UK rose for the second month in a row.


UK inflation rose for the second month in a row, according to official figures for November.

Figures from the Office for National Statistics (ONS) showed the figure rose to 2.6 per cent, up from 2.3 per cent in October on the year.

Fuel and clothing were among the main drivers behind the increase. The prices of recreational and cultural activities also increased.

The Bank of England raises interest rates to try to keep inflation at its 2% target. Its next rate decision is on Thursday, but economists expect rates to be kept at 4.75%.

“Inflation picked up again this month as motor fuel and clothing prices rose this year but fell a year ago,” said ONS chief economist Grant Fitzner.

“This was partially offset by airfares, which have traditionally dipped at this time of year, but November saw their biggest drop since records began at the turn of the century.”

Chancellor Rachel Reeves said she recognizes families are still struggling with the cost of living.

“Today’s data is a reminder that the economy has not worked for working people in a long time.”

“I’m fighting to put more money in the pockets of working people.”

Shadow chancellor Mel Stride said: “The chancellor has made irresponsible and inflationary decisions.”

“These figures mean higher costs in stores, less money in the pockets of working people and risks of holding mortgage rates higher for longer.”

A broad measure of inflation led to a 3.5 percent increase in housing and domestic service costs, including rent.



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