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       Inflation soars to 3% in a fresh blow to Rachel Reeves (Image: Getty)

       UK inflation has surged to 3%, up from 2.5%- the steepest rate since March 2024, in what is another hammerblow for Rachel Reeves.

       The Chancellor is desperately fighting to inject some positive momentum into the UK economy.

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       But economists have said the inflation jump was larger than expected, which follows Labour’s private school tax raid, as well as rising food costs and plane fares.

       Consumer Prices Index (CPI) inflation rose to 3% in the 12 months to December, up from 2.5% the previous month, the Office for National Statistics (ONS) has said.

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       READ MORE: Rachel Reeves blasted as 'out of her depth' as inflation jumps to 10-month high

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       Ms Reeves has faced ongoing backlash since her October Budget, with Shadow Chancellor Mel Stride raging: "Today’s inflation figures mean further pain for family finances - and it's thanks to the Labour Chancellor's record tax hikes and inflation busting pay rises.

       "Labour were warned that their tax spending and borrowing spree would drive up inflation. It means higher prices in the shops, and interest rates staying higher for longer, causing mortgage misery for millions.

       "This Chancellor is out of her depth, and we're all paying the price."

       ONS Chief Economist Grant Fitzner said: "Inflation increased sharply this month to its highest annual rate since March last year.

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       Powered by

       Mortgage interest cuts may be ‘short-lived' after inflation rise sends swap rates surging

       6 Comments

       Rachel Reeves could soon hike income tax rates, experts warn

       18 Comments

       UK inflation rises to 3% in another blow to Keir Starmer

       270 Comments

       Keir Starmer is on course for an absolute shellacking for one reason more than any other

       63 Comments

       Pay growth accelerates for third month in a row despite drop in job vacancies

       1 Comments

       Rachel Reeves' move means businesses now cutting jobs faster than since lockdown

       45 Comments

       Hargreaves Lansdown urges anyone with savings to beat Rachel Reeves ‘Cash ISA raid'

       1 Comments

       Cash ISA update as Rachel Reeves breaks silence on '￡4,000 limit'

       229 Comments

       Rachel Reeves's plan to save economy is as credible as her CV - and we'll all pay

       94 Comments

       Rachel Reeves set to make eye-watering cuts after wiping out ￡9.9bn

       516 Comments

       Bank of England boss sends huge 3-word warning as UK economy fears soar

       77 Comments

       Council tax fury as nine in ten areas charge maximum increase allowed

       63 Comments

       NS&I hikes Cash ISA interest rate 'with immediate effect'

       1 Comments

       UK 'economy in stagflation' as experts warn of worse to come

       9 Comments

       'Out of her depth!' Rachel Reeves blasted as inflation jumps to 10-month high

       121 Comments

       Rachel Reeves dealt fresh blow as borrowing soars and jobs are cut

       31 Comments

       Reform UK warns Rachel Reeves that doing this one thing will see inflation go higher

       35 Comments

       'Dire state of affairs': Expert's damning verdict on Rachel Reeves after 3% inflation blow

       49 Comments

       Rachel Reeves branded 'out of her depth' as 'pitiful' growth figures revealed

       919 Comments

       Savvy investors flock to buy item that's 'safe' from Rachel Reeves

       2 Comments

       Mortgage interest cuts may be ‘short-lived' after inflation rise sends swap rates surging

       6 Comments

       Rachel Reeves could soon hike income tax rates, experts warn

       18 Comments

       UK inflation rises to 3% in another blow to Keir Starmer

       270 Comments

       Keir Starmer is on course for an absolute shellacking for one reason more than any other

       63 Comments

       Pay growth accelerates for third month in a row despite drop in job vacancies

       1 Comments

       Rachel Reeves' move means businesses now cutting jobs faster than since lockdown

       45 Comments

       Hargreaves Lansdown urges anyone with savings to beat Rachel Reeves ‘Cash ISA raid'

       1 Comments

       Cash ISA update as Rachel Reeves breaks silence on '￡4,000 limit'

       229 Comments

       Rachel Reeves's plan to save economy is as credible as her CV - and we'll all pay

       94 Comments

       Rachel Reeves set to make eye-watering cuts after wiping out ￡9.9bn

       516 Comments

       Bank of England boss sends huge 3-word warning as UK economy fears soar

       77 Comments

       Council tax fury as nine in ten areas charge maximum increase allowed

       63 Comments

       NS&I hikes Cash ISA interest rate 'with immediate effect'

       1 Comments

       UK 'economy in stagflation' as experts warn of worse to come

       9 Comments

       'Out of her depth!' Rachel Reeves blasted as inflation jumps to 10-month high

       121 Comments

       Rachel Reeves dealt fresh blow as borrowing soars and jobs are cut

       31 Comments

       Reform UK warns Rachel Reeves that doing this one thing will see inflation go higher

       35 Comments

       'Dire state of affairs': Expert's damning verdict on Rachel Reeves after 3% inflation blow

       49 Comments

       Rachel Reeves branded 'out of her depth' as 'pitiful' growth figures revealed

       919 Comments

       Savvy investors flock to buy item that's 'safe' from Rachel Reeves

       2 Comments

       Mortgage interest cuts may be ‘short-lived' after inflation rise sends swap rates surging

       6 Comments

       Rachel Reeves could soon hike income tax rates, experts warn

       18 Comments

       UK inflation rises to 3% in another blow to Keir Starmer

       270 Comments

       Keir Starmer is on course for an absolute shellacking for one reason more than any other

       63 Comments

       Pay growth accelerates for third month in a row despite drop in job vacancies

       1 Comments

       Rachel Reeves' move means businesses now cutting jobs faster than since lockdown

       45 Comments

       Hargreaves Lansdown urges anyone with savings to beat Rachel Reeves ‘Cash ISA raid'

       1 Comments

       "The rise was driven by airfares not falling as much as we usually see at this time of year, partly impacted by the timing of flights over Christmas and New Year. This was the weakest January dip since 2020."

       Ms Reeves has responded to the figures, saying: "Getting more money in people's pockets is my number one mission. Since the election, we've seen year-on-year wages after inflation growing at their fastest rate - worth an extra ￡1,000 a year on average - but I know that millions of families are still struggling to make ends meet.

       "That's why we're going further and faster to deliver economic growth. By taking on the blockers to get Britain building again, investing to rebuild our roads, rail and energy infrastructure and ripping up unnecessary regulation, we will kickstart growth, secure well-paid jobs and get more pounds in pockets."