Inflation remains at five-year high
Inflation held steady at 3% during October, according to the Office for National Statistics.
The UK's key measure of inflation, the Consumer Prices Index, remains at a five-year high.
The news will come as a surprise to many economists who had predicted a rise following increased food price hikes.
Many analysts had predicted an increase to at least 3.1%, which would have led to Mark Carney, the Bank of England governor, having to write to Chancellor to explain why he thought the Consumer Price Index had risen above 3%.
The... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
