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UK inflation in surprise jump to 10.4% in February

UK inflation in surprise jump to 10.4% in February
Housing prices push up annual inflation after 3 months of declines

By Gokhan Ergocun

ISTANBUL (AA) – Inflation in the UK jumped in February, ending a three-month stretch of declines.

Annual inflation stood at 10.4% last month, bucking forecasts for a fall below 10%, the Office of National Statistics (ONS) reported on Wednesday.

The rate had eased over the three months prior to February from October’s peak of 11.1% to 10.1% in January.

Housing costs were the main driver for last month’s surprise spike, according to the ONS.​​​​​​​

source: News Feed
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