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Inflation in the UK came in hotter-than-expected in February, figures from the Office for National Statistics showed on Wednesday.
The consumer price index rose by 10.4% in February from a year before, accelerating from a 10.1% annual rise in January. Market consensus had expected UK inflation to cool to 9.8% in February, according to FXStreet.
The print remained below the recent peak of 11.1% in October, which was the highest annual inflation rate since 1981, according to the ONS.
On a monthly basis, UK consumer prices rose 1.1%, reversing a 0.6% decline in January. Markets had expected the monthly inflation rate to be just 0.6%.
The largest upward contributions to the monthly change came from restaurants and cafes, food, and clothing, the ONS said.
Core annual inflation - excluding energy, food, alcohol, and tobacco - picked up to 6.2% in February from 5.8% in January.
Markets had expected core inflation to remain unchanged.
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