What is the UK inflation rate and how does it affect me?- QHN

Inflation is the increase in the price of something over time.

Inflation is the increase in the price of something over time.

The prices of hundreds of everyday items, including food and fuel, are tracked by the Office for National Statistics (ONS).

This “basket of goods” is regularly updated to reflect shopping trends, with frozen berries recently added and alcopops removed.

The ONS looks at price changes over the previous 12 months to calculate inflation.

One reason for December’s 4% inflation figure was more expensive cigarettes, it said.

Inflation is the increase in the price of something over time.

Inflation is the increase in the price of something over time.

Inflation is the increase in the price of something over time.

The prices of hundreds of everyday items, including food and fuel, are tracked by the Office for National Statistics (ONS).

This “basket of goods” is regularly updated to reflect shopping trends, with frozen berries recently added and alcopops removed.

The ONS looks at price changes over the previous 12 months to calculate inflation.

One reason for December’s 4% inflation figure was more expensive cigarettes, it said.

#inflation #rate #affect

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