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Inflation increases to 3.3% in November

Inflation increased to 3.3 per cent in November, up from 3.2 per cent in October, according to the Office for National Statistics.

Food, non-alcoholic beverages and clothing were the main drivers behind the increase.

The main downward pressure to inflation came from recreation and culture, air transport and petrol.

Annual inflation as recorded by the retail price index – the method of measuring inflation which includes mortgage payments – stands at 4.7 per cent in November, up from 4.5 per cent in October.

Bank of England governor Mervyn King will again be forced to write to the chancellor to explain why inflation is so high.

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