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Daily Mirror
Daily Mirror
Business
Levi Winchester

Inflation in shock NEW rise as price of food rockets - and it's bad news for mortgages

Inflation Office for National Statistics United Kingdom

UK inflation unexpectedly rose to 10.4% in February - defying expectations that it would go down again following three months of decline.

The rate is up from the 10.1% that was recorded the previous month in January, the Office for National Statistics (ONS) said.

Analysts had expected inflation to drop to 9.9% after it had started to fall back from its 41-year high of 11.1% in October.

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