UK inflation rose to 10.4% in February -ONS | – #inflation #rose #February #ONS

LONDON, March 22 (Reuters) – Consumption in Great Britain prices Inflation unexpectedly in February in January 10from .1% 10increased to 4%, National Statistics Office showed the figures on Wednesday.

Economists polled by Reuters had forecast the annual CPI rate to fall to 9.9% in February, a far cry from October’s 41-year high of 11.1%, but still eating away at the spending power of workers whose wages have grown less.

The Bank of England is due to announce on Thursday whether it will raise interest rates for the 11th consecutive meeting.

energy, foodcore CPI excluding alcohol and tobacco and closed by the BoE rose to 6.2% from 5.8% in January, versus a decline to 5.7% forecast.

Annual in the services sector, which most policymakers consider a good measure of price pressures in the economy inflation the level increased to 6.6% after the level of 6.0% in January.

Reporting by David Milliken Editing by William James

Our standards: Thomson Reuters Trust Principles.

2023-03-22 11:35:35
Source – reuters

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