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.

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Reuters

United Kingdom

UK inflation surprise pressures BoE to raise rates again

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.

Media Bias/Fact Check

Times of India

India

UK inflation accelerates to 10.4% in February

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

Ad Fontes Media

All Sides

BBC News

Government of the United Kingdom

Veg shortages drive surprise jump in UK inflation

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.

The Hindu

The Hindu Group

U.K. 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

News18 India

Mukesh Ambani

UK Inflation Jumps to 10.4%, Surprising Analysts

Inflation has unexpectedly jumped to 10.4 per cent after dropping for three consecutive months, the Office for National Statistics (ONS) has confirmed. It comes after vegetable shortages pushed food prices to their highest rate in more than 45 years. Many economists were expecting CPI to fall to 9.9 per cent in February. Data indicated that rising prices of drinks in pubs and restaurants also drove inflation higher. Chancellor Jeremy Hunt said: …

The Independent

Evgeny Lebedev

London

Greater London

England

Inflation jumps to 10.4 per cent after falling for three months

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.

The Woodbridge Company

Britain’s inflation rate has risen for the first time in four months in February. The new figures released Wednesday surprised analysts and increased pressure on the Bank of England to

Associated Press News

Independent Media

United States

UK inflation jumps to 10.4%, surprising analysts

Inflation in the UK has risen once again in a sign that households will still be struggling with the cost of living crisis for the foreseeable future.

Daily Express

Reach plc

Inflation rises to 10.4%

Here is everything you need to know following the latest Office for National Statistics (ONS) announcement

Daily Mirror

Inflation rises again to 10.4% as price of food rockets - what it means for you

Britain’s inflation rate has risen for the first time in four months in February

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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

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