Economics
U.K. Inflation Expectations Surge Again, Piling Pressure on BOE
- Consumers see prices in shops rising 4.3% in next 12 months
- Strong GDP data for January strengthen case for March hike
A row of terraced houses, taken with a heat-sensing camera in Guildford, U.K.
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U.K. consumers are more pessimistic about inflation than at any time since the financial crisis, piling pressure on the Bank of England to raise interest rates at its meeting next week.