UK Inflation Hits 3.1%

UK inflation has hit its highest level in nearly six years, as the consumer price index reaches 3.1%, up from 3% the previous month

Emma Wall 12 December, 2017 | 10:18AM

UK inflation hit 3.1% in November, the highest level since March 2012. Recreational goods, including video games, and pricing of airfares provided the largest tailwind. Food and non-alcoholic beverages also rose in value. 

This is not the start of the return to a world of 4% or 5% CPI

Within the food segment, fruit and fish saw the largest price inflation, up nearly 9% on a year ago, while the cost of meat fell slightly. The cost of alcohol and tobacco also rose, alongside education and entertainment.

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Emma Wall  is former Senior International Editor for Morningstar

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