UK headline inflation unexpectedly holds steady in October

LONDON, Nov 14 (Reuters) – British inflation held at its highest level in five-and-a-half years in October, and wrong-footed expectations from the Bank of England and other economists that it would hit a new peak.

FILE PHOTO – Shoppers browse aisles in a supermarket in London, Britain April 11, 2017. REUTERS/Neil Hall

Consumer price inflation held at an annual rate of 3.0 percent in October, the Office for National Statistics said, below economists’ average expectation in a Reuters poll for a 3.1 percent annual rise.

The BoE said this month, after it raised interest rates for

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