UK Inflation Surprises On The Up Side…

The UK inflation data come in hot today, signalling broad-based inflation, including across services. Gas, electricity costs and food costs were among the main drivers, offset small falls in petrol and used cars.

This suggests the Bank of England will need to hike rates some more – though that may depend on the Chancellors Budget tomorrow.

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Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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