The consumer price index in Britain, which measures inflation, grew by 10.4% in the 12 months ending in February, compared to 10.1% in January, while expectations indicated a slowdown by 9.9%, while inflation decreased on a monthly basis by 1.1% in February, compared to a decrease of 0.6%.
in january The main index, excluding food and energy prices, rose to 6.2% from 5.8%, while expectations were for it to rise to 5.7%.
In the details of the index, the annual inflation rate for the prices of food and non-alcoholic beverages grew by 18.2% in February, on an annual basis, compared to 16.8% in January.
Prices in the restaurants and hotels sector increased by 12.1%, compared to 10.8% in January.
The markets are awaiting tomorrow morning, Thursday, March 23rd, the Bank of England meeting to discuss monetary policy developments, as expectations indicate that the bank will raise interest rates by 25 basis points to 4.25%.
After announcing the figures, the British pound rose by more than 40 points against the US dollar, and is trading at 1.2266 levels.
01/11/2024
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