UK inflation jumps to 10-month high of 3%
UK inflation jumps to 10-month high of 3% - Plane fares, rising food costs and a sharp jump in private school fees helped push inflation higher.
UK inflation spikes to a 10-month high, likely to worry the Bank of England
Inflation in the U.K. rose to a 10-month high in January, an increase that will likely diminish expectations of rapid interest rate reductions from the Bank of England.
Inflation jumps to 10-month high, knocking chance of early interest rate cut
Economists have predicted that interest rates will come down further from their current 4.5% level, but that there could be a slowdown in cuts after three in the past six months.
Rate of inflation jumps to 3% in January in bigger than expected rise
The rate of inflation jumped to 3% last month in the blow to hopes of early further interest rate cuts. The Office for National Statistics ( ONS) revealed that the Consumer Prices Index (CPI) - the headline measure of inflation - rose from 2.5% in December to its highest level since March last year.
U.K. Inflation Reaches 10-Month High, Complicating Bank of England’s Rate Path
Consumer prices were 3.0% higher in January than a year earlier, up from 2.5% in December, complicating the picture for the BOE after it said it would cut interest rates gradually.
UK inflation sees further spike as it rises to a 10-month high
January's inflation figure is likely to slow down the Bank of England's delivery of interest rate cuts as inflation remains well above the central bank's government-set target. View on euronews
The Daily Telegraph2d
What the latest inflation figure means for mortgages, savings and investments
The most closely followed of these methods used by the Government and the Bank of England (BoE) is the Consumer Price Index, often abbreviated to CPI, which is published each month by the ...
Forbes2d
Inflation Runs Hot At 3% In Year To January
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As inflation returns, economists are pointing the finger at Reeves
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Reuters11d
Bank of England's Mann sees consumer pricing near target in year ahead, FT reports
Feb 11 (Reuters) - Bank of England policymaker Catherine Mann said companies will struggle to raise prices this year as consumers are hit by job losses and spending softens, the Financial Times ...