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Home General News UK inflation rises to 0.6% as transport and clothing prices pick up...

UK inflation rises to 0.6% as transport and clothing prices pick up – business live | Business


Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

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…



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