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That's the highest it's been since 1977. those cheaper fuel prices aren't yet feeding through to the prices of other goods which are still rising by more than 13%. so they are expecting inflation averaging overall 7.4% for the coming year, partly because those fuel prices came down by 8% in december alone, but we should remember inflation is a year—on—year comparison, so after the big spike in fuel prices which was last february on the invasion of ukraine, there was a big striking difference betweenjanuary then and january now. as you move on past that spike a year ago the difference is sm...

Inflation fell to 10.5 percent last month, down from 10 point 7 percent in november. the drop was partly due to annual fuel prices dropping back sharply in december, to 11.5 percent. that's down from more than 17 percent the previous month. but that was offset by rocketing prices in hospitality, as restaurants and hotels were forced to pass on their own surging costs. inflation in the sector — at 11.3% — is the highest for three decades. households and businesses are also still facing eye—watering food price inflation, which hit another as—year high, at 16.8% in december. inflation las...

The drop was partly due to annual fuel prices dropping back sharply in december, along with the price of clothes and footwear. that is down from i7% last month. but that was offset by rocketing prices in hospitality, as restaurants and hotels were forced to pass on their own surging costs. inflation in the sector — at 11.3% — is the highest for three decades. households and businesses are also still facing eye—watering food price inflation, which hit another as—year high at 16.8% in december. inflation last month was still five times the bank of england's 2% target. while most economis...

Food price inflation at 16.8%. that's the highest it's been since 1977. those cheaper fuel prices aren't yet feeding through to the prices of other goods which are still rising by more than 13%. so they are expecting inflation averaging overall 7.4% for the coming year, partly because those fuel prices came down by 8% in december alone, but we should remember inflation is a year—on—year comparison, so after the big spike in fuel prices which was last february on the invasion of ukraine, there was a big striking difference between january then and january now. as you move on past that spike...

Our economics correspondent andy verity had more. it will drop back into single digits from double digits now somewhere in the middle of this year, going on to drop further down to about li—6% by the end of this year, but we should remember that right now we are going through one of the hardest squeezes on living standards in more than four decades. food price inflation at 16.8%. that's the highest it's been since 1977. those cheaper fuel prices aren't yet feeding through to the prices of other goods, which are still rising by more than 13%. so they are expecting inflation averaging overall ...