Business Live with Ian King: Inflation surprisingly rises after cost of tobacco increases

Join Ian King and guests as the annual rate of inflation has surprisingly risen, official figures show.

The consumer price index (CPI) measure of inflation stood at 4% in the year to December, according to the Office for National Statistics (ONS). A fall, to 3.8%, had been expected by economists polled by Reuters.

But instead inflation rose from 3.9% in the 12 months to November

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