- Prior +5.4%
- Core CPI +4.4% vs +4.3% y/y expected
- Prior +4.2%
The slight rise in the headline reading continues to see UK inflation at the highest since 1992, although there is some good news that the month-on-month change in inflation was -0.1%. That said, the readings above won't do anything to change the BOE's next step which will surely be another rate hike in March. Up, up, and away.
