The annual inflation rate in the United Kingdom climbed to a higher-than-expected level of 5.1% in November, the country's Office for National Statistics unveiled on Wednesday, APA reports citing Teletrader.
The figure also increased 0.7% on a monthly basis. Meanwhile, the consumer price index including owner occupiers’ housing costs (CPIH) saw a 4.6% year-over-year rise and a 0.6% monthly gain, with the greatest contributors being transport, and housing and household services.
At the same time, the headline rate of input and output producer prices saw respective yearly growths of 14.3% and 9.1% in November, with Transport equipment and metals and non-metallic mineral products providing the biggest upward contributions. The PPI Core Output was up by 7.9% compared to last year.
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