UK inflation hits 30-year high

Inflation

UK consumer price inflation rose to an annual rate of 5.4% in December, the highest figure for 30 years, as food prices and energy drove the index higher.

The Office for National Statistics said the inflation reading was the highest since the CPI series was introduced, in 1997. Based on its historical modelling, the ONS said the CPI would have last been higher in March 1992, when it stood at an estimated 7.1%.

Food prices and various energy prices drove the main index higher in December. Some

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