UK inflation shoots up unexpectedly as vegetable shortages push up food prices
UK inflation shot up unexpectedly last month as vegetable shortages pushed food prices to their highest rate in more than 45 years, according to official figures. The Office for National Statistics (ONS) revealed Consumer Prices Index (CPI) inflation rose to 10.4% in February from 10.1% in January. Most economists were expecting CPI to fall to 9.9% in February. The surprise jump in inflation comes after food and non-alcoholic drinks prices rose by 18% year-on-year last month, up from 16.7% inRead More