UK inflation rise complicates Bank of England’s interest rate decision

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UK inflation rise complicates Bank of England’s interest rate decision - short news

Surprise increase makes hike more likely, but economy is perilously close to recession

Live coverage: Inflation jumps as cost of living crisis intensifiesUK inflation rate in surprise rise to 10.4%Inflation calculator: find out how much price rises affect you

For millions of households, there had been hope that the worst of Britain’s cost of living crisis was behind us. But last month’s unexpected increase for inflation – reversing three months of progress – is as a painful..

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source: The Guardian - 22.03.2023