UK households with mortgages experienced higher inflation than any other household type in December, according to new official statistics.
Mortgagor households had the highest annual inflation rate, of 6.3 per cent in December 2023, reflecting rising mortgage interest payments, according to the Office for National Statistics.
This was the highest rate of any socio-economic group. Inflation was 4.9 per cent for private renters and 4 per cent for outright house owners, the ONS said.
The data also showed that inflation was higher among working households, at 5.4 per cent, than retired households, at 4 per cent. It was also higher among those with children, at 5.5 per cent, than those without, at 4.8 per cent, reflecting the uneven impact of the surge in price pressures.