UK inflation rate rises to 10.4% in surprise reversal of recent trend

UK inflation rate rises to 10.4% in surprise reversal of recent trend - short news


Increase confounds forecasts of a modest dip and adds to pressure on Bank of England to raise interest rates

• Live coverage: UK inflation jumps to 10.4% as cost of living crisis intensifies

UK inflation unexpectedly jumped up in February to close to its highest level in 40 years, driven by rises in the cost of drinks, women’s clothes and fresh food as salad items ran short.

The Office for National Statistics (ONS) said annual inflation as measured by the consumer..


Read more on The Guardian

source: The Guardian - 22.03.2023

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