-
U.K. Inflation Quickens More Than Forecast on Tuition Fees
U.K. inflation accelerated more than economists forecast in October as higher university tuition fees pushed consumer-price growth away from the Bank of England’s target. Consumer prices rose 2.7 percent from a year earlier, the fastest since May, compared with a near three-year low of 2.2 percent in September, the Office for National Statistics said in London today. Inflation was forecast to quicken to 2.4 percent, based on the median of 36 estimates in a Bloomberg News survey. Today’s figures come on the eve of the Bank of England’s quarterly Inflation Report, which may incorporate Governor Mervyn King’s ... (full story)