UK inflation hits near-30 year high as food prices surge

Britain’s rate of inflation has rocketed to its highest level for nearly 30 years as the cost-of-living squeeze intensifies, according to official figures.

The Office for National Statistics (ONS) said Consumer Prices Index (CPI) inflation jumped from 5.1% in November to 5.4% in December – the highest since March 1992, when it stood at 7.1%.

The ONS said inflation was pushed higher by food and non-alcoholic drinks prices last month, with costs also rising for restaurants and hotels, furniture and household goods, as well as clothing and footwear.

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