Home » UK inflation increases to 3% as rising prices squeeze households

UK inflation increases to 3% as rising prices squeeze households

Annual January rate a blow to ministers as cost of living accelerates

UK inflation accelerated 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… The Guardian Read More Annual January rate a blow to ministers as cost of living acceleratesUK inflation accelerated 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…