What is inflation, as it rises to 4% for first time in 10 months
by Lowenna Waters,Seren Morris,Nuray Bulbul and Tamara Davison
Jan 17, 2024
3 minutes
UK inflation rates have risen to four per cent, marking a surprise increase for the first time in 10 months.
Despite previous Government efforts to bring down inflation rates, the latest figures may cast uncertainty over the likelihood of upcoming interest rate cuts.
Currently sitting at 5.25 per cent, there had been hopes that the Bank of England may issue its first interest rate cut after they started rising at the end of 2021.
However, the recent inflation update may push back the timeline on any
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