The Latest Breaking News from The Bank of England

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The ONS has announced that inflation rose to 10.4%, up from 10.1% in January, despite predictions that inflation would ease. Price increases in restaurants, cafes, groceries, alcohol, and clothes are to blame. We look at what it all means for you and how you can save money

Your finances may soon be affected by the Bank's major decision this week

London (AFP) - British inflation unexpectedly accelerated in February, official data showed Wednesday, deepening a cost-of-living crisis and pressuring the Bank of England to hike interest rates further despite global markets turmoil.

The rise comes after food prices leapt up by 18.3% year-on-year in February

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London (AFP) - British inflation unexpectedly accelerated in February, data showed Wednesday, deepening a cost-of-living crisis and pressuring the Bank of England to hike interest rates despite global markets turmoil.

Britain’s inflation rate has risen for the first time in four months in February

The upward push is a result of food and non-alcoholic drink prices reaching their highest rate in more than 45 years

A surprise surge in the UK’s inflation rate today heaped pressure on the Bank of England ahead of its interest rates decision tomorrow.