The UK’s Consumer Price Index (CPI) rose 20 basis points above expectations to 5.4% in the 12 months to December 2021, according to the Office for National Statistics (ONS), reaching its highest level since March 1992.
The largest contributors to the 12-month uptick came from housing and household services, and transport, which rose by 1.31 and 1.29 percentage points respectively. On a monthly basis, CPI rose ...
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