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U.K. Inflation Surge Prompts Bets for Sharper Rate Increases

  • Restaurant meal discounts a year ago produced big base effect
  • Energy and transport cost is driving more enduring increases
The Eat Out to Help Out discounts a year ago heavily skewed figures from 2020.

The Eat Out to Help Out discounts a year ago heavily skewed figures from 2020.

Photographer: Jason Alden/Bloomberg
Updated on

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U.K. inflation surged more than expected to the strongest pace in more than nine years, prompting investors to anticipate a sharper increase in interest rates in 2022.