The CPI, which measures inflation in the United Kingdom, rose by 4.2% in the 12 months to October, compared to 3.1% in the September reading, exceeding expectations that it would rise to 3.9%, its highest level since November 2011.
On the other hand, the core index, excluding food and energy prices, rose to 3.4% on an annual basis, compared to 2.9% in September (expectations of 3.1%).
This rise in inflation in October was supported by the rise in prices in the fields of education, transportation, clothing, shoes, home services, restaurants and hotels, which exceeded expectations.
With a target for the Bank of England at 2% for inflation rates, a strong rise in inflation in October, about double, will force the Bank of England to move quickly and tighten monetary policy.
The British pound is trading on a rise after this data at 1.3455 levels against the US dollar, with the opening of the European markets