Inflation soars to its highest rate in THREE DECADES
Inflation soars to its highest rate in THREE DECADES: Headline CPI hits 5.4 PER CENT as cost of living squeeze continues
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The rate of Consumer Price Index inflation in Britain has increased by more than expected to 5.4 per cent - its highest rate in 30 years, official data revealed today.
The Office for National Statistics said the figure for December was up from 5.1 per cent in November, and is the highest reading since March 1992.
Economists polled by Reuters had forecast that the rate would get to 5.2 per cent in December - so the official reading was 0.2 percentage points above estimates.
