Consumer pockets to 'feel the pinch' as inflation climbs 1.8% in January
Up from 1.6% in December
UK inflation has reached a two-year high of 1.8% in January, nearing the Bank of England's 2% target, as fuel prices continued to climb higher.
Sterling fell almost 0.5% after it was revealed the UK Core Price Index (CPI) hit 1.8% in January, according to the Office for National Statistics, as rising fuel and food prices hit the consumer. The...
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