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

Summary by Ground News

UK inflation unexpectedly jumped up in February to close to its highest level in 40 years amid ongoing pressure on households and businesses in the cost of living crisis.

Published 2 months ago · London, United Kingdom

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Times of India

UK inflation accelerates to 10.4% in February

The Consumer Prices Index (CPI) rose by 10.4 percent in the 12 months to February 2023, up from 10.1 percent in January, the Office for National Statistics said.

2 months ago·Mumbai, India

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BBC News

Veg shortages drive surprise jump in UK inflation

The cost of living rose more than expected in February driven by sharp hikes in food prices.

2 months ago·United Kingdom

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News18 India

UK Inflation Jumps to 10.4%, Surprising Analysts

While economists expect prices to drop rapidly later this year, inflation is more than five times higher than the Bank of England’s 2% target

2 months ago·India

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The Guardian

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

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

2 months ago·London, United Kingdom

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Reuters

UK inflation surprise pressures BoE to raise rates again

British inflation unexpectedly rose to 10.4% in February, pushed up by higher food and drink prices in pubs and restaurants, according to official data which is likely to prompt the Bank of England to raise interest rates on Thursday.

2 months ago·United Kingdom

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The Hindu

U.K. inflation jumps to 10.4%, surprising analysts

United Kingdom’s inflation rate rose for the first time in four months in February, surprising analysts and increasing pressure on the Bank of England to raise interest rates at its meeting on March 23.

2 months ago·India

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