'Back to the nineties': Industry reacts as UK inflation reaches 30-year high

Inflation at highest level since March 1992

Lauren Mason
clock • 4 min read
The largest inflation contributors were housing and household services, and transport
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The largest inflation contributors were housing and household services, and transport

The UK’s Consumer Price Index rose 20 basis points above expectations to 5.4% in the 12 months to December 2021, according to the Office for National Statistics, reaching its highest level since March 1992.

The largest contributors to the 12-month uptick came from housing and household services, and transport, which rose by 1.31 and 1.29 percentage points respectively. On a monthly basis, CPI rose by 0.5%...

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