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| Version 0 | Version 1 |
|---|---|
| Inflation rise beats expectations | Inflation rise beats expectations |
| (10 minutes later) | |
| UK inflation rose at its fastest annual pace for nine months in December. | UK inflation rose at its fastest annual pace for nine months in December. |
| The Office for National Statistics said Consumer Price Index (CPI) inflation rose 0.6% last month, taking the annual rate up to 2.9% from 1.9% in November. | |
| That was the biggest monthly rise in the annual index since records began and exceeded the City's expectations for an increase to 2.6%. | That was the biggest monthly rise in the annual index since records began and exceeded the City's expectations for an increase to 2.6%. |
| Retail Price Index (RPI) inflation rose to 2.4%, its highest level since November 2008. | |
| This was a rise from 0.3% in November, and also constitutes the biggest monthly rise in the annual rate since 1979. | |
| The RPI and CPI measure the change in prices charged for goods and services bought by households in the UK. It is based on average spending patterns for UK households. | |
| The CPI does not take into account certain items that are included in the RPI. The Retail Price Index includes council tax, mortgage interest payments, buildings insurance and house depreciation. |