Inflation reaches 2-year high amid weaker pound and rising oil price

Stephanie Baxter
clock • 2 min read

The Consumer Price Index (CPI) rose to 1.6% in December on the back of falls in sterling following the Brexit vote, its highest level in two years.

The Office for National Statistics (ONS) announced the annual inflation rate had risen from 1.2% in November 2016, partly due to recent rises in producer prices being passed onto consumers. Whil...

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