Asda: November inflation spike to squeeze Christmas budgets

November’s rise in inflation is expected to dampen Christmas spirits and restrict spending ahead of the big day, according to the latest figures from Asda’s income tracker.
The period marked a second consecutive month of faster price rises, according to the supermarket’s tracker, despite households being better off than last year.
The Consumer Price Index (CPI) rose to 2.6% in November, up from 1.7% in September and 2.3% in October, driven by higher clothing and footwear prices