This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.

You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/6146228.stm

The article has changed 2 times. There is an RSS feed of changes available.

Version 0 Version 1
UK inflation stays steady at 2.4% UK inflation stays steady at 2.4%
(20 minutes later)
UK inflation was unchanged in October and above the official target of 2% again despite two rate rises this year. UK inflation was unchanged in October and again above the official target of 2%, despite two rate rises this year.
Last month's Consumer Price Index (CPI) figure was 2.4%, the Office for National Statistics (ONS) said.Last month's Consumer Price Index (CPI) figure was 2.4%, the Office for National Statistics (ONS) said.
Many economists had been expecting a rise to 2.6% because of the introduction of more expensive university tuition fees in October.Many economists had been expecting a rise to 2.6% because of the introduction of more expensive university tuition fees in October.
The RPI rate, which includes mortgage payments rose from 3.6% to 3.7% - the highest level in more than eight years.The RPI rate, which includes mortgage payments rose from 3.6% to 3.7% - the highest level in more than eight years.
Tuition fees actually added 0.12% to the headline CPI figure, the ONS said. Interest rate rise?
The majority of universities in England and Northern Ireland have adopted the new £3,000 maximum fee for new entrants - up from the previous maximum of £1,175.
However some much of this was offset by lower petrol prices which fell by about 5p a litre.
There was also an increased number of special offers on furniture and furnishings in October after higher prices in September, the ONS said.
The data suggests that the Bank of England's Monetary Policy Committee is likely to hold back on introducing any further interest rate rises in the near future.The data suggests that the Bank of England's Monetary Policy Committee is likely to hold back on introducing any further interest rate rises in the near future.
Last week it hiked the rate by 0.25 percentage points to 5%.Last week it hiked the rate by 0.25 percentage points to 5%.
However, many analysts are expecting further rates increases next year.However, many analysts are expecting further rates increases next year.