Inflation will pass BoE's 2% target once lockdown restrictions ease, analysts warn

While the short-term outlook for UK inflation remains low, analysts are warning that it is likely to rise later in the year once lockdown restrictions ease and the economy recovers.

Figures from the Office for National Statistics show that CPI inflation rose 0.6% in December after a rise of 0.3% in November. Despite food and drink process falling, rising transport costs along with...