Inflation hits 10-year high as energy, fuel and clothing costs jump
The cost of living surged by 5.1% in the 12 months to November, up from 4.2% the month before, and its highest level since September 2011. Higher transport and energy costs drove the rise, which was above forecasts of a 4.7% increase, the Office for National Statistics (ONS) said. Its chief economist Grant Fitzner said more expensive fuel, energy, clothing and second hand cars were big factors. The cost of raw materials also rose significantly, he added. What is inflation? Inflation is t...
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