Inflation rate unchanged at 2.7%

AOL Money Staff
Gas flame
Gas flame

The UK's rate of inflation is unchanged but there are fears the respite may only be brief as energy prices continue to rise.


The Office for National Statistics said the Consumer Prices Index (CPI) was 2.7% in November, with higher food costs and the first energy price hike by supplier SSE offset by a fall in fuel prices. But with hikes by the other five energy providers set to come into force, analysts think CPI inflation will peak at 3.5% by mid-2013.
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