UK inflation edges higher in December on rising transport costs

12-month CPI inflation rate rises to 0.6%

Mike Sheen
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Transport costs contributed 0.11 percentage points to the rate over December
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Transport costs contributed 0.11 percentage points to the rate over December

Rising transport and clothing costs helped to drive the UK's 12-month CPI inflation rate 0.6% higher in December, up from 0.3% in the previous month, according to data from the Office for National Statistics.

The CPIH 12-month rate, which includes owner occupiers' housing costs, was 0.8% in December 2020, up from 0.6% in November. As owner occupiers' housing costs account for around 16% of the CPIH, it is...

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