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UK inflation rises to 30-year high of 5.5% amid cost of living crisis

Soaring energy bills and higher clothing and secondhand car prices push figure higher in January

  • Business live updates: UK inflation hits 30-year high of 5.5%

Inflation in the UK increased to the highest rate for three decades in January as the impact of rising energy bills fed into a wide range of goods and services, adding to the squeeze on household living standards.

The Office for National Statistics said the consumer price index measure of inflation increased to 5.5% in January from 5.4% a month earlier, driven by prices for clothing, footwear and furniture.

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