U.K. inflation remains unchanged at 2.7%

Note: This section contains information in English only.
Source: Office for National Statistics
© Scanpix/Reuters
U.K. inflation remained at the highest rate last month since May with the largest upward pressures came from  electricity and gas prices as well as food & non-alcoholic beverages, which kept consumer-price growth above the BOE' target of 2%. The CPI annual inflation was unchanged at 2.7% in November 2012, according to the Office for National Statistics. 

"Consumers' spending power is being tightly squeezed in the run-up to Christmas," said Samuel Tombs, an Economist at Capital Economics Ltd. "Looking ahead, inflation looks set to hover between 2.5 and 3% for the best part of the next year as further increases in utility and food prices kick in."

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