UK inflation rises for first time in five months to 3.4% in December
Bigger than forecast rise part-fuelled by hikes in air fares and food prices suggests Bank of England will keep interest rates on hold in FebruaryDavos live – latest updatesInflation in the UK has risen for the first time in five months to 3.4% in December, according to official figures, suggesting the Bank of England will hold off from making a change to interest rates next month.The Office for National Statistics (ONS) said the annual inflation rate, as measured by the consumer prices index (CPI), increased from 3.2% in November, after falling in October and flatlining in the previous three months.... [Continue Reading]
