The inflation rate in the United Kingdom (Britain) jumped last December to its highest level in 30 years.
The inflation rate in Britain rose during the month of December by 5.4%, on an annual basis, to reach its highest level since March 1992.
At the monthly level, inflation in Britain rose by 5.1% compared to its level in November 2021, reaching the highest level also in a decade, according to CNBC Arabia. .
The rise in UK inflation came as high energy costs, rising demand and supply chain problems continued to drive up consumer prices.
MoM consumer prices rose 0.5%, exceeding economists' expectations for a 0.3% rise.
