Inflation: Food and furniture costs drive inflation higher
Prices rose 0.7% in January as consumers paid more for food and household goods. …
As cuts in VAT for hospitality and tourism end at the end of March and energy prices rise, “that alone should push prices up and we expect it to be up at around 2% at the end of the year, but it could be higher than that”, said Karen Ward, chief market strategist for Europe at JPMorgan Asset Management.
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