British 12-month inflation rises to 3.3 percent: data

14th December 2010, Comments 0 comments

British 12-month inflation climbed to 3.3 percent in November, as the prices of food and clothes rose by record amounts, official data showed on Tuesday.

The figure was up from 3.2 percent in October, said the Office for National Statistics. Analysts had forecast no change, according to Dow Jones Newswires.

The annual reading remained far above the Bank of England's target rate of 2.0 percent.

The ONS said Consumer Price Index (CPI) inflation climbed 0.4 percent in November from October. Analysts had predicted a monthly rise of 0.3 percent.

© 2010 AFP

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