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Daily Mirror
Daily Mirror
Business
Levi Winchester

UK inflation surges to 5.5% as cost of living crisis continues to bite

The UK rate of inflation climbed higher to 5.5% in the 12 months to January as the cost of living crisis continues.

The increase means the rate of Consumer Prices Index (CPI) inflation remains at a near 30-year high as families face paying more for goods.

Inflation jumped from 5.4% in December - its highest level since March 1992, when it stood at 7.1%.

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