Rachel Reeves says the UK's latest inflation figures are "broadly in line with our international peers", despite rising to its highest level since March. The chancellor adds, "I recognise the cost of living crisis continues to bite" but that the government is "taking action" to address its challenges. ONS figures show inflation has risen to 2.6% in November, from 2.3% the previous month. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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NewsTranscript
00:00The inflation numbers today show inflation at 2.6 percent.
00:04That is comparable to other countries around the world.
00:07In the United States it's 2.7 percent, so slightly higher.
00:11In the Euro area it's 2.3 percent.
00:14So, broadly in line with our international peers,
00:18I recognize that the cost of living crisis continues to bite.
00:22That's why in the budget we increased the national living wage,
00:26a pay rise for three million workers,
00:29and it's why we froze fuel duty,
00:32so that motorists are not paying more at the pumps.
00:35So we recognize the challenges that families remain under
00:38and are taking action to address that ongoing cost of living challenge.