Disclaimer: The information provided on the Timber Exchange Market Data Hub is sourced from a variety of publicly available data sources and confidential sources that have not been independently verified. Timber Exchange is not responsible for any expenses, damages, losses, or costs incurred as a result of using or relying on the information provided on this site. By using the Timber Exchange Market Data Hub, you agree to use the information at your own risk and acknowledge that any decisions made based on the information provided are done so solely at your own risk.
UK saw an increase of 10.4% in inflation in February due to high energy and food prices
Posted on March 27, 2023 |
In February, for the 1st time in 4 months, inflation in the UK grew due to high food and energy prices; the consumer price index grew by 10.4% in the 12 months through February from 10.1% the previous month.
As a result, these figures pressured the Bank of England to increase interest rates for the 11th straight time, regardless of worries about the economic impact of strains on the global banking system.