Inflation beats expectations to stick at 3% putting further pressure on BoE to hike rates in May

Natalie Kenway
clock • 4 min read

The UK inflation rate remained flat at 3% in January, according to the Office for National Statistics (ONS), beating analysts' expectations of a drop to 2.9%.

Consumer Price Inflation (CPI) came in unchanged on the previous month after a fall in oil prices was offset by prices for cultural goods and services, according to the ONS. In particular, the O...

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