Ouch

U.K. inflation unexpectedly jumped in February, as food and energy bills continued to rise, placing further pressure on households.

 

The consumer price index (CPI) increased by an annual 10.4%, above the 9.9% consensus forecast among economists in a Refinitiv poll and up from 10.1% in January. On a monthly basis, CPI inflation was 1.1%, exceeding a forecast of 0.6%.