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Inflation above target
Inflation rises to 4.2% in October
Overshot market expectation of 3.9%
Inflation expected to peak at 5% in April
0.15 percentage points
Relief likely to be temporary as energy and food prices rise
Society of Professional Economists speech
Core inflation reaches highest rate since 2011
Bank rate to remain 0.1%
Sights set on 2% inflation target