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British inflation rate rises to 0.1 pct in Nov.

Xinhua, December 15, 2015 Adjust font size:

The British consumer prices index (CPI), a gauge of inflation, rose by 0.1 percent in November, compared with a 0.1 percent fall in October, the Office of National Statistics (ONS) said Tuesday.

Movements in transport costs and alcohol and tobacco prices were the main contributors to the rise in the rate, while the falling clothing prices partially offset the rise, ONS said.

Inflation looks set to strengthen further over the coming months. That said, with some slack still remaining in the economy and some more encouraging news on productivity, inflation will be going nowhere fast, Capital Economics economist Paul Hollingsworth commented.

"We expect inflation to average around 1 percent next year, meaning that the Monetary Policy Committee of the Bank of England will be in no rush to quickly follow the U.S. Fed in raising interest rates," he said.

British interest rates were left unchanged again at 0.5 percent by the Bank of England's Monetary Policy Committee Last week. Endit