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Manchester Evening News
Manchester Evening News
National
Ashlie Blakey

Inflation rates soar to 5.1 per cent hitting a 10-year high

The inflation rate in the UK has risen to 5.1 per cent.

The rate in November, as measured by the Consumer Prices Index, increased from 4.2 per cent in October, the Office for National Statistics has said.

Now at 5.1 per cent, it has reached its highest its in a decade.

Experts say increased prices have contributed to the steep rise, particularly a big increase in fuel prices.

READ MORE: Housing under ‘high pressure’ as landlords sell up and house prices ‘unaffordable at every level’

Clothing costs have gone up, as well as prices for food, second-hand cards and increased tobacco duty.

Grant Fitzner, chief economist at the Office for National Statistics (ONS), said: “A wide range of price rises contributed to another steep rise in inflation, which now stands at its highest rate for over a decade.

“The price of fuel increased notably, pushing average petrol prices higher than we have seen before. Clothing costs – which increased after falling this time last year – along with price rises for food, second-hand cars and increased tobacco duty all helped drive up inflation this month.

“The costs of goods produced by factories and the price of raw materials have continued to increase significantly to their highest rate for at least 12 years.”

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