Wednesday, 19 February 2020
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Wednesday, 19 February 2020 16:46 WIB

U.K. inflation picked up for the first time in six months, boosted by the cost of energy, motor fuel and air fares. Consumer prices rose a stronger-than-forecast 1.8% in January from a year earlier, the fastest since July, the Office for National Statistics said Wednesday. Core inflation picked up to 1.6%. But the acceleration is likely to prove temporary, with inflation expected to fall back in the second quarter and remain below the Bank of England™s 2% target for the next two years. The benign inflation outlook would make it easier for the BOE to cut interest rates should the economy...

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