UK inflation spikes to a 30 year high

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Annual inflation was up at 5.4% in December, the highest value for almost 30 years.

A high rate of inflation means that if wages don't rise to keep track, goods and services soon start to become harder to afford.

While figures from the Office for National Statistics reveal the rise is mainly down to energy prices, last month food and non-alcoholic beverages were most to blame.

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Who'd of thought that printing trillions in fiat currency whilst messing up supply chains would come back to haunt us...

malicant

I thought the conservatives were good with the economy? Yet here we are with record inflation, a ever increasing wealth gap and stagnat wages

syedbilalnafees

Doesn't the Bank of England have responsibility for controlling inflation? They are not doing a very good job are they!

admiralpicard

I left the UK 30 years ago .I knew this would happen.i live in south America on 800 pounds a month.and I live well. It was hard a first..but now it's my home

joe-vlnd

Say bye bye to the socalled middle class, there's only rich or poor.

forlatagate

When Starbucks was a way of life before and now it's a luxury... McDonald's was a fast food and now it's considered a once a week cheat day....

KM-vqxc

I’m getting Weimar Republic flashbacks

ItsSamHussey

That's 5.5%! Imagine 40% like in Turkey.

zarovbelle

This year will be chaos if the government don't get a grip and do their job.

Oldyamyamgembo

I go shopping Aldi every week, they seems to be cheaper than anywhere else 🤪

andylau

Who is raising the costs is the question to ask ?

Ceecrystalclear

Pumping cheap money into an economy creates inflation. Shocker.

djw

U people should start farming in small quantities rather than buying these packeted vegetables.

toesofleg

I took passports pics in Max Spielman recently and it cost me 12 pounds for only 4 pictures. I used to get 8 pictures for under 10 pounds. It's affecting everything and it's terrible. Dread to see what April will be like.

deeeeeeezzzzaaaa