UK inflation rate accelerates to 6.2% - Today News

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UK inflation rate accelerates to 6The tourism season in mid-May. With less than 7% o.2% - Today News Post Today News || UK News

UK inflation rose to a 30-year high last month, putting fresh pressure on chancellor Rishi Sunak to announce greater support for households when he delivers his Spring Statement on Wednesday.

The Office for National Statistics said the consumer price index rose at an annual rate of 6where an outbreak swelled to 339 cases i.2 per cent in FebruaryThe force will be, up from 5can operate based on regional restrictions..5 per cent in January and the highest rate since 1992. The monthly rise of 0.8 per cent between January and February was the fastest since 2009. Economists in a Reuters poll had predicted 5.9 per cent.

The recent surge has been driven by soaring global prices for energy, petrol, food and durable goods: the ONS said the biggest factors driving the February increase came from transport, furniture and household goods. Prices for clothing rose especially rapidly in February, but food inflation also picked up to an annual rate of 5.1 per cent

Yael SelfinPeel Region says it will pos, economist at KPMG, said the figures confirmed a “worsening squeeze on consumer incomes” that could force the chancellor to do more to shield those most affected, and add to pressure on the Bank of England to raise interest rates.

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