UK inflation jumps to 3%, reducing chance of early interest rate cut
Annual CPI inflation rate hit 10-month high in January in blow to ministers amid rise in food bills and fuel costsAnalysis: Bank of England faces bumpier road after inflation acceleratesBusiness live – latest updatesUK inflation accelerated faster than expected at the start of this year, eating into workers’ wages and reducing the chance of an interest rate cut next month.The consumer prices index (CPI) measure rose to 3% in January, the Office for National Statistics reported, up from 2.5% in December. Continue reading...
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Annual CPI inflation rate hit 10-month high in January in blow to ministers amid rise in food bills and fuel costs
- Analysis: Bank of England faces bumpier road after inflation accelerates
- Business live – latest updates
UK inflation accelerated faster than expected at the start of this year, eating into workers’ wages and reducing the chance of an interest rate cut next month.
The consumer prices index (CPI) measure rose to 3% in January, the Office for National Statistics reported, up from 2.5% in December. Continue reading...
