British inflation heats up as energy prices rise
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LONDON : British inflation picked up to an annual rate of 1.2 percent in October from a six-month low of 1.1 percent recorded in September as petrol prices at the pump rose, official figures showed.
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A big jump in energy costs sharply pushed up prices that U.S. manufacturers and wholesalers paid for goods last month, but outside of energy the inflation picture looked tame.
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Rising petrol prices were the main driving force behind a rise in UK inflation, official figures show. The Office for National Statistics (ONS) said increasing fuel costs had seen the consumer price index (CPI) rise 0.1% to 1.2% in October.
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UK inflation has accelerated to an annual rate of 2.7% in November, official statistical office figures show.
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Inflation at the consumer level rose by a larger-than-expected amount last month as falling energy prices only partially offset big increases in the cost of medical care, food, and airline tickets.
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British Gas announces that it will increase its electricity and gas prices by 15%.
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British Airways is to raise its fuel surcharge as a result of the continuing increase in the price of oil.
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UK inflation accelerates to 2.5% in August, the latest figures from the Office for National Statistics show.
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Business & money: Â·  Warning that oil could hit $95 a barrel by end of year Â·  UK inflation outlook may force sixth bank rate rise
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US inflation rose more quickly than expected in May, as higher petrol costs hit consumer prices.
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Business & money: Motorists set to face higher prices at petrol pumps after cost of oil surges above $79 a barrel.
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Consumer prices jumped 3.3 percent last year as the biggest surge in fuel bills in 14 years pushed up inflation at the fastest pace since 2000, the government reported Wednesday.
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WASHINGTON -- Inflation at the consumer level jumped during October at the fastest pace in five months, as sharp increases in energy and food costs led to higher prices on store shelves, the government said Wednesday.
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Business & money: House price inflation picked up in April, pushing the cost of an average UK home to Â£209,454, figures show.
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Inflation rose to 1.5 percent in November from 1.2 percent in October, driven by increases in transport and energy costs, official figures showed.
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Inflation rose to 2.5% in August, the latest figures from the Office for National Statistics show.
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Rising household utility bills helped to push the UK inflation rate higher in December, official figures show.