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...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Women in Pensions 2024: Last chance to nominate!

Women in Pensions 2024: Last chance to nominate!

Professional Pensions celebrates seven years of recognising leading female talent

Professional Pensions
clock 28 March 2024 • 2 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Dashboard staging dates, WPC report on DB schemes and general code comes into force

Professional Pensions
clock 28 March 2024 • 1 min read
Best and worst performing master trusts see 10% difference in returns

Best and worst performing master trusts see 10% difference in returns

Providers with high growth phase equity allocations got best returns in 2023, LCP finds

Jasmine Urquhart
clock 28 March 2024 • 2 min read
Trustpilot