Heart shaped balloons are not the only thing being inflated this Valentine’s Day, with UK inflation holding steady in January and driving up prices by 4.0 percent year-on-year, unchanged from December 2023’s figure.
This “sideways” move was lower than consensus expectations, which had predicted a small uptick to 4.2 percent.
Today’s (14/02/2024) figure, while better than expected, is unlikely to be the love note the Bank of England would have been hoping for.
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