UK inflation unexpectedly jumps to 10.4% in February

Increases attributed to rise in housing and household services costs

Cristian Angeloni
clock • 2 min read
Increases were largely attributed to rises in fuel, gas and electricity prices as well as food and non-alcoholic beverages
Image:

Increases were largely attributed to rises in fuel, gas and electricity prices as well as food and non-alcoholic beverages

UK inflation unexpectedly increased to 10.4% in February after three months of decline, increasing pressure on the Bank of England to plough ahead with interest rates rises.

The consumer price index grew from 10.1% in January, while the consumer price index including owner occupiers' housing costs (CIPH) rose to 9.2% in February, up from 8.8% a month prior, according t...

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Cristian Angeloni
Author spotlight

Cristian Angeloni

Senior Reporter at Investment Week

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