British 12-month inflation rises to 3.2 percent: official

16th November 2010, Comments 0 comments

British twelve-month inflation rose to 3.2 percent in October, in line with market expectations, and up from 3.1 percent in September, as fuel prices jumped, official data showed on Tuesday.

October's reading, published by the Office for National Statistics, was also far higher than the Bank of England's target rate of 2.0 percent.

The ONS added that Consumer Price Index (CPI) inflation climbed by 0.3 percent in October from September, also in line with market forecasts.

© 2010 AFP

0 Comments To This Article