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The reflation trade is one of the key drivers of the markets right now, as investors bet that stimulus packages and a post-lockdown boom will drive prices higher.
And the latest figures show that inflation across the UK rose in December.
The UK consumer prices index rose by 0.6% in the year to December, up from 0.3% in November, the Office for National Statistics reports.
Transport costs picked up during the month — as restrictions on travel were briefly lifted over the Christmas period (before the latest lockdown was brought in).
Clothing prices were also higher, along with recreation activities (such are…