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U.K. Inflation Rises More Than Forecast to Highest in Six Months

Wednesday, 19 February 2020 16:46 WIB Ekonomi inggris UK Inflation

U.K. inflation picked up for the first time in six months, boosted by the cost of energy, motor fuel and air fares. Consumer prices rose a stronger-than-forecast 1.8% in January from a year earlier, the fastest since July, the Office for National Statistics said Wednesday. Core inflation picked up to 1.6%. But the acceleration is likely to prove temporary, with inflation expected to fall back in the second quarter and remain below the Bank of England’s 2% target for the next two years. The benign inflation outlook would make it easier for the BOE to cut interest rates should the economy wobble amid critical trade talks with the European Union, though policy makers are expected to...

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