Inflation rises further to 5.5% as cost-of-living crisis mounts
The Independent says UK inflation has stayed at a near 30-year high after rising further in January as Britain remains in the grip of a tightening cost-of-living squeeze, according to official figures.
The Office for National Statistics (ONS) said Consumer Prices Index (CPI) inflation reached 5.5% in January, up from 5.4% in December and remaining at the highest level since March 1992, when it stood at 7.1%.
The ONS said the cost of clothes and footwear pushed inflation higher last month, with the lowest January discounts in shops since 1990.
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