Summary
ANNUAL UK inflation rose for the first time in five months in February - from 1.9per cent to the Bank of England's 2per cent target - amid signs that downward pressure on high street prices may be easing.
However, yesterday's inflation figures from National Statistics suggested no need for the Bank's monetary policy committee to change UK interest rates in either direction in the near term. The February inflation rate was bang in line with City expectations, after several months of surprising on the downside.See the full content of this document
Extract
Uk Inflation Rises for the First Time in Five Months
Inflation could rise higher than the Bank of England's Treasury- set target of 2per cent in coming months as big increases in electricity and gas prices fee...
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