Economics
U.K. Inflation Surge Prompts Bets for Sharper Rate Increases
- Restaurant meal discounts a year ago produced big base effect
- Energy and transport cost is driving more enduring increases
The Eat Out to Help Out discounts a year ago heavily skewed figures from 2020.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
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U.K. inflation surged more than expected to the strongest pace in more than nine years, prompting investors to anticipate a sharper increase in interest rates in 2022.