UK inflation hits highest for almost a year and a half
149d ago
Business
BBC Business

UK inflation has surged to its highest level in nearly a year and a half, driven primarily by accelerating food prices. While fuel prices saw a decrease, the drop was insufficient to offset the upward pressure from food, resulting in an overall increase in the inflation rate. This marks a significant shift in the economic landscape, potentially impacting consumer spending and prompting responses from the Bank of England. Economists are closely monitoring the situation to assess the long-term implications and anticipate any policy adjustments.