THE UK’s rate of inflation has slowed – but millions will still be hit with hefty bill price hikes later this year.
The Office for National Statistics (ONS) said the Consumer Price Index (CPI) measured 2.5% in the 12 months to December.
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This was down from 2.6% in November, which was the highest since March.
Despite the fall, it means millions of broadband and mobile phone customers will still be hit with mid-contract price rises from around April.
This is because many mobile and broadband firms link price rises to December’s CPI measure of inflation.
