Rate of inflation jumped to 10.4% in February, data shows - Article Milton Keynes & Wellingborough : Crouchers

Rate of inflation jumped to 10.4% in February, data shows

The UK's rate of inflation rose unexpectedly in February 2023, data from the Office for National Statistics (ONS) has revealed.

22 Mar 2023

The UK's rate of inflation rose unexpectedly in February 2023, data from the Office for National Statistics (ONS) has revealed.

Inflation increased to 10.4% in February, up from its rate of 10.1% in January. The ONS said the rise was partly driven by shortages of salad items and vegetables.

These shortages helped to push food prices to their highest rates in over 45 years, the data found. They were also exacerbated by high energy prices in the UK impacting domestic suppliers.

The latest inflation data comes ahead of a Bank of England decision on interest rates, set to be announced on Thursday.

Commenting on the figures, Grant Fitzner, Chief Economist at the ONS, said: 'Food and non-alcoholic drink prices rose to their highest rate in over 45 years with particular increases for some salad and vegetable items as high energy costs and bad weather across parts of Europe led to shortages and rationing.'

acca

Home | Contact us | Site map | Accessibility | Disclaimer | Privacy | Help |

Crouchers Chartered Accountants, 1 Copperhouse Court, Caldecotte Business Park, Milton Keynes, Buckinghamshire MK7 8NL
Crouchers Chartered Accountants, Linden Building A, 8-9 Regents Park, Booth Drive, Wellingborough, Northants NN8 6GR
Crouchers Ltd | Registered Office : Milton Keynes address above | Co. No. : 08647307 | Registered in England
Crouchers Chartered Accountants is registered to carry out audit work in the UK by The Association of Chartered Certified Accountants. Details of our registration can be viewed at www.auditregister.org.uk.

Send an email: hello@crouchers.co.uk

Crouchers Chartered Accountants - Accountants in Milton Keynes & Wellingborough

© 2025 Crouchers Chartered Accountants. All rights reserved. We use cookies on this website, you can find more information about cookies here.