BREAKING: CPI inflation rises to 10.4% in February. Sky's gurpreetnarwan joins KayBurley to explain more about this story. KayBurley Read more: 📺 Sky 501, Virgin 602, Freeview 233 and YouTube
Since then, wholesale energy costs have gradually eased.Some supply chains are also complicated by related factors such as wider commodity cost shifts and shortages, such as the lack of tomatoes and other veg items that struck in February but has since eased.
"Food and non-alcoholic drink prices rose to their highest rate in over 45 years with particular increases for someAdvertisementFeb: Why tomato production was delayed The inflation data will be closely watched by the Bank of England ahead of its next interest rate decision on Thursday, which had been thought to be finely balanced in advance of the inflation figures.Financial markets believe policymakers will raise Bank rate again but slow the pace of increase down.
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