UK Inflation Hits Fresh Multi-Decade High of 6.2% on Surging Energy Prices

23 March 2022

U.K. inflation came in at an annual 6.2% in February, its highest since March 1992, as soaring food, fuel and energy costs continue to deepen the country's cost of living crisis. February's Consumer Price Index print was above consensus expectations among economists polled by Refinitiv for a 5.9% annual figure, and vastly outstripped January's previous 30-year high of 5.5%. On a monthly basis, CPI inflation was 0.8%, exceeding expectations for a 0.6% rise and marking the largest monthly CPI increase between January and February since 2009.

Source: Cnbc
Post by: Republic of Turkiye Ministry of Trade