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UK inflation rises to 3.4% in first increase in five months
The Guardian
|January 22, 2026
Inflation in the UK rose for the first time in five months in December, pushed up by higher air fares and tobacco prices.
The Office for National Statistics (ONS) said the annual inflation rate increased to 3.4% from 3.2% in November, after falling in October and flatlining in the previous three months. The figure overshot City economists’s forecasts of a modest rise to 3.3%.
While analysts said the reversal of the downward trend was likely only to be temporary, City traders have now all but ruled out an interest rate cut by the Bank of England next month.
Cette histoire est tirée de l'édition January 22, 2026 de The Guardian.
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