UK inflation accelerated more than expected in December on airfares and tobacco prices but it is expected to slow to the 2 percent target as the impact of utility price hikes drop out of annual comparisons.
The consumer price index posted an annual growth of 3.4 percent in December after rising 3.2 percent in November, the Office for National Statistics said Wednesday. Inflation was expected to climb to 3.3 percent.
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by Renju Jaya
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