UK Inflation Remains High Despite Fluctuations in Food Prices
TL;DR Summary
The UK's annual inflation rate remained in double digits at 10.1% in March, higher than expected, and could lead to further interest rate increases despite a weak economy. The core rate of inflation, which excludes volatile items such as energy and food, was unchanged at 6.2%. Food prices surged at the highest pace since 1977, contributing to the persistent inflation.
- U.K. Inflation Stays Above 10%, Raising Prospect of Further Interest-Rate Increases The Wall Street Journal
- UK inflation rate surprises again with March figure holding above 10% CNBC
- UK Latest: Inflation Data Adds Pressure on Bank of England Bloomberg Television
- U.K. Inflation Dips to 10.1 Percent as Food Prices Remain High The New York Times
- Coffee, potatoes, and other groceries that dropped in price in the West last month Montana Right Now
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