UK inflation surges to highest level in 30 years
CNN
UK consumer price inflation has surged to the highest level in three decades, heaping pressure on households already facing a huge increase in energy costs.
Inflation increased to 5.4% in December, the Office for National Statistics said on Wednesday, the highest rate since 1992. The biggest price rises were for transportation, food and beverages, furniture, housing and household goods.
Prices are now rising much faster than pay, making it more difficult for households to make ends meet. Wages increased at an annual rate of just 3.8% in December.
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