“Inflation ticked up in February mainly driven by rising alcohol prices in pubs and restaurants following discounting in January,” Grant Fitzner, chief economist at the Office for National Statistics, said in a statement. Food inflation hit a new record high, with prices rising 18.2% through the year to February, up from 16.8% in January. The ONS said soaring food prices were partly caused by shortages of some salad and vegetable items, which led to rationing by supermarkets.
Analysts say the surprise increase in prices makes it more likely the Bank of England will hike interest rates again when it meets Thursday. Although recent turmoil in the banking sector is expected to weaken economic activity, as lending criteria are tightened, and so weigh on inflation, “the Bank of England may well want to see hard evidence of that before it stops raising interest rates,” said Paul Dales, chief UK economist at Capital Economics.
Price people pay to support Zelensky
Yes and it's happening in the entire world. Which it shouldn't be but the elites of the wef devils groups has huge plans and they set them in motion during the pandemic
6 months prior to Joe Biden taking office a whole 6 months inflation was at 1.4% the price of gas was $2.35 a gallon a dozen eggs 99 cents two days after Joe Biden took off is the price of gas started going up the only thing that changed was the president what did he do.
Thanks to the bankers! War in Ukraine where our leaders have imposed sanctions that affect us more than Russia!