LONDON, Nov. 15 -- Britain faces another test of the case for higher interest rates this week, with fresh inflation and employment figures due after the Bank of England raised borrowing costs for the first time since 2023. The central bank's concern is no longer confined to the immediate rise in energy bills. It is whether those costs will become embedded in wages and prices across the economy.

The Office for National Statistics will publish October's consumer price figures on Wednesday, November 18, following labour-market data on Tuesday. The inflation release has not yet been published. September's annual rate was 3.5%, already well above the Bank's 2% target.

Bank Rate stands at 4% following November's quarter-point increase. Eight ...