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Evening Standard
Evening Standard
Business
Anna Wise

THE TRUTH ABOUT: Why has inflation risen and what does it mean for me | History Defined

Inflation Office for National Statistics
Increased demand for trips away over Christmas is thought to have driven inflation up in December (Jordan Pettitt/PA) - (PA Wire)

Inflation rose in December for the first time in five months as prices for things like airfares, cigarettes and alcohol rose at the end of the year.

The annual rate of Consumer Prices Index (CPI) was recorded at 3.4% for the month, up from 3.2% in November, according to the Office for National Statistics (ONS).

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