Surprise rise for UK inflation seen

UK - UK inflation has risen higher than expected, casting doubt on the need for another interest rate cut.

The annual underlying rate of inflation rose by half a percentage point last month to 2%, official figures showed on Tuesday.

But it was still well below the Bank of England's target rate of 2.5%, with 1% leeway either way.

The headline rate of inflation, which includes mortgage interest payments, also rose half a percentage point to 1.5%, the Office for National Statistics (ONS) said.


To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: