Inflation in Britain surged to 5.1% in November, hitting a high unseen since September 2011, as consumer prices keep increasing ahead of another policy-setting meeting of the Bank of England later this week.
According to analysts polled by Reuters, the Consumer Price Index was projected to total 4.7% last month, while the regulator had expected that inflation would hit 5% in the spring of 2022 before moderating toward its 2% target in late 2023.
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