London: It emerged on Wednesday that the British inflation rose to its highest in more than 10 years in November, jumping to 5.1%. On Dec 14, the Bank of England announces that it would be raising interest rates for the first time since COVID-19 knocked. The Office for National Statistics (ONS) said that Price pressure from petrol, clothing, and footwear especially is the reason behind the increase in inflation to its highest since September 2011.

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