UK inflation accelerates

Prices for food and non-alcoholic drinks have jumped to the highest level since 1977, official statistics show Consumer prices in the UK unexpectedly surged in February, driven by soaring food and energy bills, the Office for National Statistics (ONS) reported on Wednesday. Annual inflation as measured by the consumer prices index ran to 10.4% last month – exceeding the 9.9% consensus forecast among economists – up from 10.1% in January, placing further pressure on British households. The ONS attributed the sharp increase to the growing cost of fresh food, non-alcoholic drinks and the rising price of restaurant me

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