UK inflation rises in December

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UK inflation rises in December

STORY: UK inflation rises in December SHOOTING TIME: Dec. 27, 2023-Jan. 5, 2024 DATELINE: Jan. 18, 2024 LENGTH: 0:01:56 LOCATION: London CATEGORY: ECONOMY SHOTLIST: 1. various of people shopping in London during the Christmas season (Dec. 27, 2023) 2. various of supermarkets in London (Nov. 10, 2023) 3. various of Bank of England (Jan. 5, 2024) STORYLINE: The United Kingdom's (UK) consumer price index (CPI) rose by 4 percent in the 12 months to December 2023, up from 3.9 percent in November, according to data released on Wednesday. This was the first inflation increase since February 2023, said the Office for National Statistics (ONS). It said that CPI rose by 0.4 percent monthly in December. "The rate of inflation ticked up a little in December, with rises in tobacco prices due to recently introduced duty increases," said Grant Fitzner, chief economist of the ONS. Prices in the alcohol and tobacco division rose by 12.8 percent in the year to December. As announced in Autumn Statement 2023 in N

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