UK inflation up to 10.4% in February22 Mar 2023 07:13
The annual inflation in the United Kingdom came in at 10.4% in February, the Office for National Statistics revealed in its report on Wednesday. The figure was higher than analysts expected and was up compared to January's 10.1%. On a monthly level, consumer prices rose 1.1%.
Meanwhile, the Consumer Prices Index including owner occupiers' housing costs (CPIH) saw a 9.2% increase in the reported month, year over year, while the reading was up 1% compared to January.
The report noted that the biggest contributors to the monthly increases were restaurants and cafes, food, and clothing. This was partially offset by "downward contributions from recreational and cultural goods and services (particularly recording media), and motor fuels."
Baha Breaking News (BBN) / AY