UK inflation leaps to higher-than-expected 3% in January

Inflation hits 3% – what it means for struggling UK economy

The Bank of England is warning that its ambition to chase the inflation rate down to 2 per cent has suffered a setback.

UK January inflation climbs to 3%; Bank of England anticipates ‘bumpy road’ ahead

The UK rate of inflation reached 3% in January, from 2.5% in December, higher than forecasts and with the Bank of England anticipating a “bumpy road” ahead. Forecasts are that it will hit 3.7% later in the year and moving even further away from the Bank's 2% target.

UK inflation jumps to a ten-month high in January

The NewsUK inflation rose by more than expected to hit a ten-month high of 3% in January indicating that an imminent interest rate cut may be unlikely.Consumer price inflation increased from 2.5% in December, driven up by the cost of meat, bread, cereals, and airfares, as well as the government’s move to impose a value-added tax on private school fees.The unexpected rise makes it “improbable” that the Bank of England will cut interest rates in M…

UK inflation rate: is inflation good as rates rise to 10-month high - what increase news means for your money

Inflation is making everyday life more expensive, but some prices are starting to drop 💸

Inflation hits 10-month high driven by travel and food cost increases - what it means

Inflation is making everyday life more expensive, but some prices are starting to drop 💸

UK Inflation Jumps to 10-month High of 3 Percent

UK inflation jumped to its highest level for 10 months in January, according to new official figures. Plane fares, rising food costs, and a sharp jump in private school fees all contributed to higher living costs. The rate of Consumer Prices Index (CPI) inflation rose to 3 percent in January from 2.5 percent in December, the Office for National Statistics (ONS) said. It was higher than predicted by analysts, who had forecast a rate of around 2.8…