The prices at UK gas stations have gone up.
The images are from Solstock.
The rate of inflation in the year to November was the fastest in a decade.
The Bank of England is under pressure to raise interest rates because of the jump in inflation. The UK central bank's calculations have been complicated by the spread of the Omicron coronaviruses.
The consumer price index increased by 5.1% in November, much higher than the 4.2% increase in October. It was the strongest reading since 2011.
The Office for National Statistics said that price rises were broad based. The average price of gas at gas stations rose to levels not seen before.
After the data was released, Britain's pound rose and was last up 0.21% to $1.327. The stock index was down.
Inflation was expected to come in at 4.5% in November. Markets will watch for any change when it announces its latest decision on Thursday.
The International Monetary Fund warned the BoE that it was at risk of letting inflation get out of control and urged it to withdraw the exceptional support provided during 2020. The bank's 2% target was exceeded by inflation in November.
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The spread of the Omicron coronaviruses variant has caused economists to dial back their expectations that the BoE would raise its main interest rate from its current record low.
The November inflation reading gives the Bank enough room to raise interest rates tomorrow, but we still think it is more likely to keep its powder dry until it knows more about the Omicron situation," said Paul Dales, chief UK economist at Capital Economics.
The UK is one of many advanced economies that has been hit by rising prices as consumer demand recovers from 2020's coronaviruses shock.
The Federal Reserve is expected to announce its latest monetary policy decision on Wednesday, after inflation soared to 6.8% in November, an almost 40-year high.
The European Central Bank is expected to make a decision Thursday. Inflation in the Eurozone hit 4.9% in November, the highest level since the single-currency bloc was founded in the late 1990s.
Business Insider has an original article.
