Inflation drops for second month in a row but soaring food prices pile pressure on Brits’ finances

Published by
City AM

By Jack Barnett UK inflation has fallen for the second month in a row, fuelling hopes it has passed its peak and is on a downward path, official figures out today reveal. The rate of price increases dropped to 10.5 per cent in December, down from 10.7 per cent in the previous month, according to the Office for National Statistics (ONS). The figures were in line with market expectations. Tumbling petrol prices forced the headline inflation rate lower, however food prices are still rising at the fastest pace in recent memory. Food inflation actually climbed to nearly 17 per cent, piling pressure…

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