Consumers face 2.7% inflation rate

Money
Money

Consumers are feeling a fresh squeeze on living costs after figures revealed a shock jump in the UK's annual inflation rate to 2.7%.


The bigger-than-expected leap in the Consumer Prices Index (CPI) was described by one City economist as a "nasty surprise" and came just a month after inflation fell back to a near three-year low of 2.2% in September.
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