UK consumer price inflation remained stable in February, but potential spikes in inflation may prompt the Bank of England to keep the interest rates on hold for an extended period. Consumer prices logged a steady growth of 3.0 percent in February, the Office for National Statistics said. The rate came in line with expectations. Core inflation that excludes prices of energy, food, alcohol and tobac...
For comments and feedback contact: editorial@rttnews.com
Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.