Annual inflation in the UK in February rose to 10.4% from 10.1% in January. Information about this press service of the Office for National Statistics (ONS) published on your site
In other words, consumer prices in the UK increased by 1.1% in February. Analysts surveyed by the DailyFX portal had expected a figure of 9.9%.
Press service of ONS in the second half of January published Data showing consumer inflation in the UK at 10.5% in December 2022.
At the end of January, analysts from consulting firm Kantar reportedThe level of food inflation in the UK has reached a record 16.7% as the average annual check of residents can increase by £788.
Last week, UK Finance Minister Jeremy Hunt, in his Budget Address to Parliament, said: sure The country’s economy is not likely to enter a technical recession in 2023 due to changes in external factors and the measures taken by the government.
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.