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Wales Online
Wales Online
National
Claire Miller

What is driving inflation? The facts on what's driving hefty bills hitting households

Office for National Statistics

Inflation is rising at its fastest rate in nearly 30 years.

Figures released by the Office for National Statistics show the Consumer Prices Index (CPI) rose by 5.4% in the 12 months to December 2021, up from 5.1% in November.

That’s the biggest annual increase since a rise of 7.1% in March 1992.

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