First inflation rate increase in three months as energy bills rise – Sky’s Ed Conway analysis

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First inflation rate increase in three months as energy bills rise - Sky's Ed Conway analysis

There was a sharp rise in the rate of inflation last month, largely because of a hike in the energy price cap.

The official figure rose to 2.3% above the Bank of England’s 2% target, and higher than the 2.2% that economists had widely forecast.

Sky’s Wilfred Frost and Ed Conway analyse the latest economic data.

Read more: https://news.sky.com/money

#skynews #uk #inflation

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Date: November 20, 2024