# UK inflation rises to highest level since March 2012 | The Seattle Times

> UK inflation unexpectedly rose to 3.1% in November, the highest since March 2012, above forecasts of 2.9%. Governor Mark Carney must write a letter to the Chancellor explaining why inflation is more than a point above target.

- Date: 2017-12-12 · published 2017-12-12T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/67724-uk-inflation-rises-to-highest-level-since-march-2012-the-seattle-times
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Higher UK inflation pressures the Bank of England toward tighter policy, which can support sterling. The effect on feed commodity prices is indirect.

## Sources

- seattletimes.com: https://www.seattletimes.com/business/uk-inflation-rate-rises-unexpectedly-to-3-1-percent/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.