Business Live with Ian King: Rise in tobacco duty pushes inflation to 4% in surprise increase

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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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