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UK inflation accelerates in February to 10.4% over 12 months | Metropolises

Last month, UK inflation was 1.1%; In the 12-month period to January this year, the cumulative index was 10.1%.

Inflation in the United Kingdom picked up again in February this year after three consecutive months of stagnation, according to data released by the Office for National Statistics on Wednesday (22/3) (ONSBriefly in English).

Last month, British inflation was 1.1%. In the same period last year, the index was 0.8%.

As a result, headline inflation in the UK was 10.4% in the 12 months to February – up from 10.1% in the year to January.

Core inflation, excluding changes in energy and food prices, also accelerated: from 0.8% in February 2022 to 1.2% in February 2023.

Housing and services were the largest contributors to inflation during this period. Fuels, food products and beverages recorded strong increases.

In October 2022, inflation in the United Kingdom was 11.1%, the highest level since 1981. Since November, the indicators have been declining month by month, and a path was interrupted in February.

The world’s fifth economy and importance to Brazil

According to International Monetary Fund (IMF) data, the United Kingdom is the fifth largest economy in the world.

British GDP is surpassed only by the US, China, Japan and Germany.

According to data from Foreign Trade SecretariatThe trade flow (sum of exports and imports) between Brazil and the United Kingdom will reach US$5.6 billion (R$ 29.7 billion) in 2021.

In the previous year, Brazilian investments in the United Kingdom totaled US$5.2 billion (R$ 27.5 billion), while British investments in Brazil amounted to US$ 25.2 billion (R$ 133.7 billion). Central Bank (BC)

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