UK faces Christmas squeeze as inflation hits 3.1%, outpacing wages – as it happend

Food, fuel, airline fares and recreational costs have driven the cost of living up at its fastest rate since March 2012Rising food prices mean Christmas dinner will cost moreBreaking: UK inflation jumps to 3.1%
Shoppers must be savvy this ChristmasWeak pound is still causing a cost of living squeezeChart: Pay is lagging behindBoE’s Mark Carney must explain it to Philip HammondEarlierOil price jumped after North Sea pipeline shut 6.27pm GMT A late ps: petrol prices may rise by 3p per litre,