Britain's inflation rate rose to 4% in December

The UK CPI reached 4% in December, compared to 3.9% in November, its first rise since February 2023, the Office for National Statistics (ONS) reported.

The Office for National Statistics noted that the unexpected rise in… Rate on an annual basis Inflation was due to the increase in cost Alcohol and tobacco After the tax increase imposed on the prices of food and non-alcoholic beverages decreased.

The organization said that compared to November, the CPI increased by 0.4% in December.

Grant Fitzner, chief economist at the Office for National Statistics, noted that although food prices continued to rise in December, they did so at a much lower rate than in the same month last year.

Treasury Secretary Jeremy Hunt said in a statement that the decisions taken by the government to contain inflation are working and indicated that it could introduce “more competitive tax levels” before the next general election.

The conservative minister said: “As we saw in the United States, France and Germany, inflation does not fall in a straight line, but our plan is working and we must stick to it.”

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