Business & Finance

UK inflation rises to highest since March 1992

Published January 19, 2022 Updated January 19, 2022 12:34pm
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LONDON: British consumer price inflation rose more than expected to 5.4% in December, up from November's 5.1% reading and its highest since March 1992, the Office for National Statistics said on Wednesday.

UK sees record job creation but inflation squeezes wages

Economists polled by Reuters had forecast that the annual CPI rate would edge up to 5.2% in December.