UK inflation edges higher in December on rising transport costs

12-month CPI inflation rate rises to 0.6%

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

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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