Annual January rate a blow to ministers as cost of living acceleratesUK inflation accelerated faster than expected at the start of this year, eating into workers’ wages and putting pressure on employers to boost monthly pay packets.The consumer prices index (CPI) measure of inflation rose to 3% in January, the Office for National Statistics reported, up from 2.5% in December. Continue reading…
Source link : https://www.theguardian.com/business/2025/feb/19/uk-inflation-increases-rising-prices-squeeze-households
Author : Phillip Inman
Publish date : 2025-02-19 07:02:00
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UK inflation increases to 3% as rising prices squeeze households
