Inflation rates soar to 5.1 per cent hitting a 10-year high
Reading now: 636
manchestereveningnews.co.ukThe inflation rate in the UK has risen to 5.1 per cent. The rate in November, as measured by the Consumer Prices Index, increased from 4.2 per cent in October, the Office for National Statistics has said.
Now at 5.1 per cent, it has reached its highest its in a decade. Experts say increased prices have contributed to the steep rise, particularly a big increase in fuel prices. READ MORE: Housing under ‘high pressure’ as landlords sell up and house prices ‘unaffordable at every level’ Clothing costs have gone up, as well as prices for food, second-hand cards and increased tobacco duty.
Grant Fitzner, chief economist at the Office for National Statistics (ONS), said: “A wide range of price rises contributed to another steep rise in
Read more on manchestereveningnews.co.uk
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
