US Wholesale Inflation Rises, UK Energy Bills to Drop

Inflation pressures persist in the US as wholesale prices increase, while UK households anticipate lower energy costs.

• US wholesale inflation accelerated in January, marking a continued rise in prices.
• The producer price index in the US rose 0.3% from December to January, with a year-over-year increase of 0.9%.
• UK energy bills are forecast to decrease by 15% from April, aiding in the fight against inflation.
• The reduction in UK energy bills is expected to cut the typical annual bill by £293 ($369).
• European banks, including Barclays and Lloyds, to be in focus next week amid earnings season.

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