UK inflation hits 6.2%, the highest level in three decades

UK inflation hits 6.2%, the highest level in three decades

The Guardian says Britain’s annual inflation rate rose to 6.2% in February and now stands at its highest level in three decades.

Figures from the Office for National Statistics showed a jump in the government’s preferred measure of the cost of living from 5.5% in January.

The February inflation figure for the consumer prices index was higher than the 5.9% predicted by a Reuters poll of economists.

Further increases in the annual inflation rate are expected as higher motoring costs triggered by Russia’s invasion of Ukraine and April’s increase in domestic energy prices take effect.

https://www.theguardian.com/business/2022/mar/23/uk-inflation-highest-level-in-three-decades

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