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U.K. Inflation Accelerates to Highest in More Than Two Years

  • Weaker pound, higher oil costs, boosting price growth
  • Import costs surge by almost 15%, most in five years
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Gilles Moec: 3% U.K. Inflation 'Certainly Within Range'

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U.K. inflation accelerated more than economists forecast in November, boosted by prices for clothing and gasoline.

The jump to 1.2 percent from 0.9 percent in October means consumer prices are rising at the fastest pace since October 2014. Economists had anticipated an increase to 1.1 percent.