British inflation surges to 2.3pc

AFP,LONDON: British annual inflation jumped in February to the highest level in almost three and a half years, driven by increasing fuel costs, data showed Tuesday.
The 12-month inflation rate hit 2.3 per cent last month compared with 1.8 percent in January, the Office for National Statistics (ONS) said in a statement.
Analysts’ consensus forecast had been for a pick-up to 2.1 per cent.
The February reading was the highest level since September 2013.

 

British inflation surges to 2.3pc

AFP,LONDON: British annual inflation jumped in February to the highest level in almost three and a half years, driven by increasing fuel costs, data showed Tuesday. The 12-month inflation rate hit 2.3 per cent last month compared with 1.8 percent in January, the Office for National Statistics (ONS) said in a statement. Analysts consensus forecast had been for a pick-up to 2.1 per cent. The February reading was the highest level since September 2013.