UK inflation rose to six-month high of 1.8% in January
The figures suggest a squeeze on household budgets, due to higher petrol prices and expensive airfares
19 February 2020 - 17:06
London — British inflation unexpectedly rose to a six-month high in January, pushed up by higher petrol prices and a smaller-than-usual drop in airfares, official data showed on Wednesday.
The pound briefly strengthened by as much as a quarter of a cent against the dollar after the figures, which showed consumer prices rose at an annual rate of 1.8% compared with 1.3% in December, not far off the Bank of England’s (BOE) 2% target. Economists had forecast a rate of 1.6%...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.