UK inflation remains resilient in February.

UK inflation has surprisingly jumped higher in February against expectations of a steady decline which will pose further problems for the Bank of England when they meet on Thursday to decide on the next round of interest rate hikes. The annual rate of inflation rose to 10.4% in February against economist expectations of a 9.9% rise. Looking at core inflation which looks at price rises excluding fuel and food saw a rise of 6.2% against an expectation of 5.7%. UK government debt has recently been rallying on the perception that the UK Bank of England would be one of the first to stop raising interest rates, whilst this may be the case, UK inflation results like this do not help the Bank of England in being able to stop raising interest rates.