Why did inflation rise to 4% and how does it affect you?

5K views Oct 7, 2024
publisher-humix

cityam.com

Inflation picked up in December due to rising duties on alcohol and tobacco, surprising economists who had expected a slight fall, new figures show. According to figures from the Office for National Statistics (ONS), the consumer price index (CPI) came in at four per cent in the final month of the year, up from 3.9 per cent the month before. This was the first time since February 2023 that the annual rate of inflation had increased. Economists had expected inflation would fall slightly to 3.8 per cent in December. Get more of City A.M. šŸ‘‡ 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: http://www.linkedin.com/company/cityam šŸ—žļø Read the full story here ā¬‡ļø https://www.cityam.com/inflation-picks-up-to-four-per-cent-on-higher-tobacco-prices/


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#Business News
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