Cost-of-living crisis shock as inflation RISES to 10.4%, defying experts predictions and driven by soaring cost of alcohol in pubs and restaurants – with food and drink prices jumping to their highest rate in 46 years
The inflation rate in Britain has risen for the first time in four months in an increase that piles pressure on the Bank of England to raise interest rates tomorrow.
Analysts were left surprised today after the rate of Consumer Prices Index inflation rose to 10.4 per cent in February from 10.1 per cent in January.
The Office for National Statistics said this was mainly driven by rising alcohol prices in pubs and restaurants, while high energy prices continued to have an impact.
Food and non-alcoholic drinks prices rose by 18.2 per cent in the year to February , up from 16.8 per cent in January – with the annual…
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