UK Shoppers Hit With Highest Price Inflation Since 2012

UK Shoppers Hit With Highest Price Inflation Since 2012
Undated file photo showing supermarket shelves in the UK. Caitlin Doherty/PA
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UK shoppers have been hit with the sharpest price hike in nine years as the annual inflation rate jumped to 1.5 percent in January, latest figures showed.

The latest BRC–NielsenIQ shop price index, published on Tuesday, said January’s inflation rate nearly doubled December’s rate of 0.8 percent, and is the highest since December 2012.