The UK inflation rate has increased for the second consecutive month, marking the fastest rise since March. Official figures reveal inflation climbed to 2.6% in the year leading up to November.

In October, the official forecasting body predicted that inflation could rise to 2.6% by 2025, partly driven by the impact of Budget measures announced that month.

The rise in inflation was largely driven by higher fuel and clothing costs, with increased ticket prices for gigs and plays also contributing. To maintain its 2% inflation target, the Bank of England typically adjusts interest rates. However, with the next decision due on Thursday, economists anticipate rates will remain steady at 4.75%.

Chancellor Rachel Reeves has said, "Today's figures are a reminder that for too long the economy has not worked for working people. I am fighting to put more money in the pockets of working people."

Shadow Chancellor Mel Stride commented: "The chancellor has made a series of irresponsible and inflationary decisions. These figures mean higher costs in the shops, less money in working people's pockets and risks keeping mortgage rates higher for longer."