UK inflation rises to 3.4%, driven by tobacco and airfares


In response to the figures, Chancellor Rachel Reeves said her priority was cutting the cost of living, citing measures in her November Budget including a freeze to rail fares and prescription charges.

“Money off bills and into the pockets of working people is my choice.

“There’s more to do, but this is the year that Britain turns a corner,” Reeves said.

Inflation in the UK is a measure of the Consumer Prices Index, which is a virtual basket of hundreds of everyday goods and services selected by the ONS that includes things like bread, fruit, furniture and different items of clothing.

The prices of these items are tracked by the ONS over the previous 12 months, and the basket is regularly updated to reflect shopping trends.


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