MercoPress. South Atlantic News Agency

UK January inflation climbs to 3%; Bank of England anticipates ‘bumpy road’ ahead

The UK rate of inflation reached 3% in January, from 2.5% in December, higher than forecasts and with the Bank of England anticipating a “bumpy road” ahead. Forecasts are that it will hit 3.7% later in the year and moving even further away from the Bank's 2% target. Read full article