EconomyJan 18 2023

'Nightmare' inflation eases slightly to 10.5%

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'Nightmare' inflation eases slightly to 10.5%
The Iceland Food Ltd. supermarket in Crawley, UK, on Wednesday, Nov. 16, 2022. UK inflation dropped to 10.5% in December, with a lowering of food prices contributing to downward pressures. Photographer: Jose Sarmento Matos/Bloomberg

The rate of inflation dropped slightly in December as the price of fuel and clothing dropped, however concerns are growing that wage rises are embedding inflation into the economy.

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