UK inflation hits 30-year high of 5.5%

An 0.1% rise on the record figure observed in December

Elliot Gulliver-Needham
clock • 1 min read
 Quilter Investors portfolio manager Hinesh Patel
Image:

Quilter Investors portfolio manager Hinesh Patel

Inflation in the UK rose to 5.5% in January, up from 5.4% in December 2021, continuing the streak of reaching the country’s highest inflation rate in thirty years.

The Office for National Statistics (ONS) said that the 12-month UK Consumer Prices Index (CPI) was at the highest level since records began in January 1997 and was last higher in the historical mod...

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