UK consumer price inflation unexpectedly accelerated in February for the first time in six months, led by higher prices for food and alcohol, while house price inflation was the weakest in nearly six years at the start of the year.
The consumer price index rose 1.9 percent year-on-year following a 1.8 percent increase in January, preliminary data from the Office for National Statistics showed on Wednesday. Economists had expected the inflation rate to remain unchanged.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.