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

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 increasing prices for clothing and recreation helped to push up inflation. While this remains well below the Bank of England's target of 2%, investment professionals believe that once the economy gathers momentum and demand starts to outstrip supply inflation will start to rise more sharply. UK inflation edges higher in December on rising transport costs Jon Hudson, UK equity fund...