UK inflation remains lodged in double-figures, as the country struggles with soaring food costs and wage increases. Data for March of 10.1% year-over-year was well above the estimate of 9.8%. After three consecutive months of declines between November and January, expectations were high that the worst of the UK’s brush with inflation was over. However, February’s unexpected jump to 10.4%, and the higher-than-expected March figure may force the Bank of England into further interest rate hikes.