UK inflation has jumped more than expected and to its highest level in almost a decade, increasing pressure on the Bank of England to raise interest rates.
The annual rate of the consumer price index rose to 4.2 per cent last month, up from 3.1 per cent in September and the fastest pace since November 2011, according to figures from the Office for National Statistics.
Inflation rose to more than double the 2 per cent BoE target and was higher than the 3.9 per cent forecast by economists polled by Reuters.
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