UK annual inflation climbs to 3.4% in December, dampening early BoE rate-cut hopes
By: Abudu Olalekan UK inflation climbed to 3.4% in December 2025, driven by tobacco, airfares and food prices. Bank of England unlikely to cut rates in February. It’s the kind of headline that sneaks up on you. One month you’re telling yourself, okay, prices are cooling, maybe we can breathe again. Then the next data…