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Free AccessRising services costs pushes UK inflation higher, giving added ammunition to hawks as BOE meets.
Core inflation also rose, up 1.2% m/m and up 6.2% y/y from 5.6% in January. It was the first y/y rise in core inflation in 5 months.
“Inflation ticked up in February mainly driven by rising alcohol prices in pubs and restaurants following discounting in January," Grant Fitzner, ONS chief economist said.
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“Inflation ticked up in February mainly driven by rising alcohol prices in pubs and restaurants following discounting in January," Grant Fitzner, ONS chief economist said.
