Inflation as measured by the Consumer Prices Index (CPI) rose to 0.2% in December, according to the Office for National Statistics (ONS).

It rose from 0.1% in November and marks the first time inflation has been above 0.2% since January 2015.

The ONS said transport costs, such as air fares and petrol were the main contributors to the rise - despite petrol and diesel prices falling below £1 in many areas. The alcohol, tobacco and food prices dragged inflation down.

Inflation has hovered between -0.1% and 0.1% since January last year, and despite the slight rise in December, the ONS stressed that they were still at "historically low levels".

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