Inflation rises to a excessive not seen in almost a 12 months – official figures

Inflation has risen a stunning quantity to the very best in almost a 12 months, official figures present.

This implies costs are rising much more than at any time since final March, in line with information from the Workplace for Nationwide Statistics for January.

The buyer worth index (CPI) ticked up steeply to three% from 2.5% a month earlier.

A decrease rise to 2.8% was forecast by economists polled by Reuters.

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