U.K. Inflation Edges Higher, Halting 10-Month Decline
Why It Matters: Rishi Sunak met his inflation pledge.About a year ago, with inflation above 10 percent, Prime Minister Rishi Sunak made several pledges to the British public on the economy, migration and the health service. Wednesday’s data confirms that he met one of those — to cut Britain’s inflation rate in half. It’s a much-needed win for the government as it begins an election year with Mr. Sunak’s political party trailing in the polls.But even as households may be relieved that prices aren’t rising as quickly, the cumulative impact of high inflation is still being felt. For example, food…







