Price rises of many goods outstripped December’s 10.5% inflation rate with bread up 20.5%, electricity 65.4% and hotels 18.1%
The UK’s inflation rate fell for a second month in December, dropping to 10.5%. But households remain under pressure as prices continue to rise for a wide range of goods and services.
Despite the fall in the headline rate, food and non-alcoholic drinks jumped by a collective 16.8%, the fastest annual rate of increase since 1977. Price rises for restaurant meals and overnight stays in hotels also accelerated.
