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The Independent UK
The Independent UK
National
Via AP news wire

UK inflation inches up in December but a decline toward 2% is expected in 2026

Inflation Bank of England United Kingdom Rachel Reeves
Britain Economy - (Copyright 2025 The Associated Press. All rights reserved)

Inflation in the United Kingdom rose in December for the first time in five months, pushing further above the Bank of England's target, according to official figures released on Wednesday.

The Office for National Statistics said the consumer prices index rose by an annual rate of 3.4% in December, up from 3.2% the month before. It said increases in taxes on tobacco products and trips abroad over Christmas contributed to the increase.

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