Inflation UK households under pressure as inflation sticks at 3% Expectations dashed that rate would fall as effects of Brexit vote on pound fade Inflation in UK food prices appears to be slowing, but has remained at the same level in other sectors. Photograph: Matt Cardy/Getty ImagesBritish households remained under significant pressure last month from rising prices as the rate of inflation stayed at its highest level for almost six years, continuing the squeeze on consumers. Show Hide Inflation is when prices rise. There was also downward pressure on inflation from a slower rise in the cost of fuel from a year ago. UK inflation and wage data UK inflation and wage dataHowever, Nikesh Sawjani, an economist at Lloyds Bank, said the unchanged CPI reading from December showed the downward trend in inflation was likely to be very gradual.

Source: The Guardian February 13, 2018 10:22 UTC