Higher food and air fares helped to increase December's Consumer Prices Index (CPI), the Office for National Statistics said. Inflation as measured by the Retail Prices Index (RPI) rose to 2.5% in December from 2.2% the previous month. To explain more about what all this means for the pound in your pocket Georgie was joined by our reporter Tom Hill.
One site, Vouchercloud, has even created a Freddo index which show's just how much the price has increased ahead of inflation. The answer according to inflation expert Pete Comley lies in commodity prices.