U.K. Inflation Remains at 2.7% on Cost of Food, Utility: Economy

U.K. inflation held at the highest rate since May last month as higher electricity and gas costs kept consumer-price growth above the Bank of England’s target.

Consumer prices rose 2.7 percent from a year earlier, unchanged from October, the Office for National Statistics said in London today. That matched the median forecast of 34 economists in a Bloomberg News survey. Upward pressure on inflation came mostly from food and utilities.