The inflation rate in Britain witnessed a sudden rise during January to reach the highest level in six months, in light of the high prices of gasoline and a lower than usual decrease in the price of airline tickets. .
According to Reuters, the British pound rose briefly by a quarter of a cent against the US dollar after data showed that consumer prices rose at an annual rate of 1.8 percent from 1.3 percent in December to remain close to the level of the Bank of England's target of two percent.
Experts polled by Reuters had expected a 1.6 percent rise.
The Office for National Statistics said that fuel prices rose 4.7 percent compared to the same period a year ago, the largest increase since November 2018, according to the office.
A measure of core inflation, which excludes energy, fuel, alcohol and tobacco prices, rose 1.6 percent from 1.4 percent in December.
