UK inflation sticks at nearly six-year high in January

LONDON (Reuters) - British inflation unexpectedly held close to its highest level in nearly six years in January, highlighting the challenge facing the Bank of England and reinforcing expectations of a rise in interest rates in May.

Consumer price inflation held at an annual rate of 3.0 percent in January, unchanged from December, after hitting its highest since March 2012 in November at 3.1 percent, the Office for National Statistics said.

Sterling rose after Tuesday’s...
source: Reuters

2018-02-13 13:38
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