What's new

UK Inflation Rate Rises Again, hitting 10.4 percent in February

beijingwalker

ELITE MEMBER
Nov 4, 2011
59,055
-57
99,427
Country
China
Location
China

UK Inflation Rate Rises Again, hitting 10.4 percent in February​

by Martin Armstrong,
Mar 22, 2023

UK inflation (CPI) hit 10.4 percent in February, 0.5 points higher than forecast and the seventh time the measure has been in double digits since the summer. After modest decreases each month since November, the jump upwards of 0.3 points in February came as somewhat of a shock. The chances of Thursday's interest rate revision being a rise are now very high.
According to the ONS, the latest increase "mainly reflected price rises in the restaurants and hotels, food and non-alcoholic beverages, and clothing and footwear divisions. These were partially offset by downward effects coming from recreation and culture, and from motor fuels within the transport division."

26208.jpeg


 

Nasr

SENIOR MEMBER
Dec 9, 2018
2,881
-1
5,401
Country
Pakistan
Location
Pakistan

UK Inflation Rate Rises Again, hitting 10.4 percent in February​

by Martin Armstrong,
Mar 22, 2023

UK inflation (CPI) hit 10.4 percent in February, 0.5 points higher than forecast and the seventh time the measure has been in double digits since the summer. After modest decreases each month since November, the jump upwards of 0.3 points in February came as somewhat of a shock. The chances of Thursday's interest rate revision being a rise are now very high.
According to the ONS, the latest increase "mainly reflected price rises in the restaurants and hotels, food and non-alcoholic beverages, and clothing and footwear divisions. These were partially offset by downward effects coming from recreation and culture, and from motor fuels within the transport division."

26208.jpeg



The West is collapsing and there will be no mercy when they collapse.
 

tower9

SENIOR MEMBER
Sep 19, 2018
5,622
-20
9,085
Country
China
Location
United States
The West is collapsing and there will be no mercy when they collapse.
Yup. As we can see, even so called “Allies” like Saudi Arabia will be ready to draw knives once they sense weakness. There is a lot of resentment against historic western aggression and once the common understanding is that the west is failing, many countries will flip.
 

Valar.

SENIOR MEMBER
Nov 29, 2017
4,144
-6
9,663
Country
Pakistan
Location
Pakistan
The day when I see mass exodus of immigrants going back to their country of origin is the day I'll believe west is doomed. Until then, it's just propaganda.
 

Users Who Are Viewing This Thread (Total: 1, Members: 0, Guests: 1)


Top Bottom