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Ed Bowsher

UK inflation rates close in on 2 percent target

Ed Bowsher
Original Broadcast:

Share Radio Afternoon

UK inflation rates close in on 2 percent target
While economists predicted 1.4 percent growth, UK inflation actually rose by 1.6 percent in the year to December - that's the fastest jump since the summer of 2014. So, what's behind this acceleration from November's 1.2 percent figure? Scott Bowman, UK Economist at Capital Economics, talks through the factors and when its likely to hit the Bank of England's 2 percent target.

Guest: Scott Bowman