U.K. Inflation to Brush With Target as Pressure Builds: ChartBy
U.K. price growth is set to hit 1.9 percent in January, official statistics will likely show on Tuesday, spurred by energy prices and the fall in the pound since the vote to leave the European Union in June. While that’s just below the Bank of England’s 2 percent target, it’s set to continue rising this year, prompting some policy makers at the central bank to voice concern over their tolerance for continued gains. Some forecasters see inflation breaching 3 percent by the final quarter of the year.
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