( ) -q-22- UNDATED (Correspondent Jeremy House) “squeeze household budgets.” Britain’s inflation rate has risen for the first time in four months in February. [CutID: <Cuts> UK-INFLATION-house-q-WEDam.mp3 Time: 22s Title: UK-INFLATION-house-q-WEDam Out-cue: squeeze household budgets] TAG: Correspondent Jeremy House reporting. Economists expect prices to drop rapidly later this year. But inflation is more than five […]
Audio
UK inflation jumps to 10.4%, surprising analysts
( ) -q-22- UNDATED (Correspondent Jeremy House) “squeeze household budgets.”
Britain’s inflation rate has risen for the first time in four months in February.
[CutID: <Cuts> UK-INFLATION-house-q-WEDam.mp3
Time: 22s
Title: UK-INFLATION-house-q-WEDam
Out-cue: squeeze household budgets]
TAG: Correspondent Jeremy House reporting. Economists expect prices to drop rapidly later this year. But inflation is more than five times higher than the Bank of England’s 2% target.
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VERBATIM: The new figures surprised analysts and increased pressure on the Bank of England to raise interest rates at its meeting on Thursday. The consumer price index jumped to 10.4% in the 12 months through February from 10.1% the previous month. The Office for National Statistics says high energy prices continued to squeeze household budgets.