London CNN —
UK inflation accelerated in December for the first time since February last year, official data showed Wednesday.
Consumer prices rose 4% last month compared with a year ago, up from a rate of 3.9% in November, the Office for National Statistics said. Economists polled by Reuters had forecast a slowdown to 3.8%
Rises in tobacco prices due to recent duty increases were partially offset by falling food inflation, “where prices still rose but at a much lower rate than this time last year,” ONS chief economist Grant Fitzner said in a statement.
→ Continue reading at CNN - Business News
