The Consumer Price Index (CPI), which measures inflation in the United Kingdom, rose to 6.2% on a normal basis in February, compared to 5% in January’s reading, exceeding expectations that indicated a rise to 6%, recording the highest reading in the series that started from national statistics in January 1997.
The main index, excluding food and energy prices, rose to 5.2% in February from 4.4%, compared to 5% in analysts’ expectations.
On a monthly basis, the index rose by 0.85 in February, compared to an increase of about 0.1% in February of last year, recording the largest monthly increase since 2009.
02/11/2024
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