Rising costs of food and travel push UK inflation higher
In January, inflation in the UK rose more than expected, with significant hikes in food prices, airfares, and private education costs. Government data showed that the inflation rate rose to 3%, up from 2.5% in December, marking the fastest increase in prices in ten months. This occurs as families nationwide prepare for further financial challenges, with anticipated increases in energy and water bills later this year.In January, inflation in the United Kingdom surged more than anticipated, with sharp increases in the cost of food, air travel, and private school tuition fees. Official figures indicated that the inflation rate climbed to…
