UK inflation soars to 10-year high of 5.1% as cost of living squeeze tightens – business live

UK inflation soars to 10-year high of 5.1% as cost of living squeeze tightens – business live

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Inflation in the UK has soared to 5.1%, a ten-year high, as the cost of living squeeze gripping the country tightens.

Prices jumped in November at the fastest annual rate since September 2011, the Office for National Statistics reports this morning, up from 4.2% in October.