Rising prices set to push inflation over 2% Bank of England target
by Katie Allen from on (#2G9NR)
Figures next week will show the pummelled pound's effect on prices, but don't expect an interest rate hike just yet
Rising food and fuel costs are expected to have pushed inflation to its highest level in more than three years when official figures are released on Tuesday, underscoring the impact of the Brexit-battered pound on prices in the shops.
Economists predict that the data will show inflation, on the consumer prices index (CPI) measure, hitting 2.1% for February, up from 1.8% in January.
Continue reading...