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UK inflation hits near six-year high

UK inflation hits near six-year high
By Robert Hackwill
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BoE will have to write to Chancellor after breaking through 2% target ceiling to reach 3.1% in November.


Britain's inflation rate has hit a near-six year high, the surprise rise coming in November, when ithit an annual rate of 3.1 percent, pushed up by air fares, computer games and, this being the festive season, the price of chocolate.

"I'm a pensioner and I think they should bring the prices down for food, because they're going up.Every time you go, it's going up and up and up all the time," said one elderly lady.

"Yeah, I've noticed food prices going up. Certainly things like butter and things have gone up a lot since last year, I would say. Probably due to Brexit, but who knows?" said a middle-aged man.

The Bank of England raised interest rates last month for the first time in a decade and believes inflation is near its peak, but with inflation a full percentage point higher than the banks' target, it will have to explain itself to the government. 

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