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Evening Standard
Evening Standard
Business
City Staff

FTSE 100 Live: London’s blue chip index ends the day lower as UK inflation at decade high

Inflation today jumped to 5.1%, its highest annual rate in a decade.

The bigger-than-expected figure for November, which compares with 4.2% the previous month, adds to pressure on the Bank of England to hike interest rates at its meeting this week.

Factors driving inflation included petrol prices, a 30% jump in the value of second-hand cars and rising clothing prices.

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