Today news
About the same in other media
UK inflation rises to 5.5% amid cost of living crisis
Reading now: 829
Inflation increased to 5.5% in January as the impact of rising energy bills and higher pay fed into a wide range of goods and services.
Clothing, footwear and furniture pushed the inflation higher along with secondhand cars, which jumped in price last month the Office for National Statistics said.
With inflation predicted to hit more than 7% in April, the January consumer prices index (CPI) is expected to heap further pressure on the Bank of England to raise interest rates again.
In December CPI hit a 30-year high of 5.4%.
The central bank increased its base interest rate to 0.5% earlier this month, citing the rise in inflation since the autumn to a 30-year high for the move.
More to follow…
Read more on theguardian.comAbout this in other media
Sky reveals inflation-busting price increases for TV and broadband theguardian.com /2 years ago
Colorado's Crypto Move, Travel Rule & TRUST, Criminal Whales, Inflation in UK + More News cryptonews.com /2 years ago
Fastest rent rise in five years adds to concerns over UK cost of living crisis theguardian.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
