UK inflation dips for second consecutive month

Food and non-alcoholic beverage prices rose by 16.9% in the 12 months to December 2022, up from 16.5% in November

UK inflation fell slightly for the second consecutive month from 10.7% to 10.5% in December as easing fuel costs were offset by the rising price of food which meant the figure remained close to its previous 40-year high.

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