British consumer prices rose by 10.1 percent at an annual rate in March, which can be compared with an average forecast of 9.8 percent. The so-called core inflation, where energy and food prices are removed, ended up at 6.2 percent. This can be compared with the expected 6.0 percent.
The report comes after Tuesday’s UK payrolls, which showed unexpectedly large wage increases, adding to inflationary pressures in the UK economy.
The statistics have caused analysts to start counting on another interest rate increase from the Bank of England in May, from today’s 4.25 percent in the key rate to 4.50 percent.
In the pricing of the market, expectations are for a key interest rate of 4.75 percent in September.
Immediately after the inflation figures, the pound had risen by almost five öre against the krona, to a rate of SEK 12.85 per pound.