UK inflation hits 2.7%

on 13/11/2012 09:38:46

UK inflation leapt to 2.7% last month after university students were hit with a near-trebling in tuition fees and households faced rising food costs, official figures revealed today.

The Office for National Statistics (ONS) said the Consumer Prices Index (CPI) rose by the largest amount in more than a year between September and October, up from 2.2%.

The British government's move to lift the tuition fees cap to £9,000 (€11,244) was the biggest factor behind the bigger-than-expected hike in the cost of living, according to the ONS.