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Inflation surprisingly rises after cost of tobacco increases
Posted
January 17, 2024
Views
8,211
Likes
80
Comments
46
Engagement
1.53%
January 17, 2024
8,211
80
46
1.53%
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2:30Now PlayingPrices have increased over the past 12 months by 4% on average, putting pressure on already stretched household budgets.
Inflation rose slightly in December, with increases in the price of alcohol and tobacco the biggest contributor. It's the first time inflation has risen since February.
The price of food was 8% higher than this time last year on average, down from 9.2% in November. Alcohol and tobacco prices are up 12.9% since December 2023, compared with 10.2% in November.
#inflation #economy #uknews
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