Inflation in the UK has risen to the highest level for nearly three decades, fuelled by rising food and energy prices. According to latest figures from the Office of National Statistics (ONS), the Consumer Prices Index (CPI) rose by 5.4 percent in the 12 months to December 2021, up from 5.1 percent in November. This is the highest figure since March 1992, when inflation rate reached 7.1 percent. The ONS said inflation was pushed higher by price rises of food and non-alcoholic drinks last month. In addition, gas and electricity tariffs have seen staggering rises, and costs have also been surging for restaurants and hotels, furniture and household goods, as well as clothing and footwear. The Bank of England, the UK’s central bank, has forecast inflation to hit 6 percent in April. The bank raised interest rates last month from 0.1 percent to 0.25 percent to try to cool rampant …