Rise in cost of living
Inflation has risen. The ONS says CPI is 3.5 per cent, up from 3.4 per cent in February. This is the first rise in inflation since September last year.
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Inflation figure 'uncomfortable' for Bank of England
Victoria Cadman, economist at Investec, said no change in the rate of inflation would be an uncomfortable reality for the Bank of England. It forecast inflation to fall rapidly throughout 2012 and into 2013.
'No change' expected in UK inflation rate
The consumer price index rate of inflation is expected to stay the same for March at 3.4% its lowest rate since November 2010, but way off the Bank of England's 2% target. The figure has fallen from 5.6% last September, but oil prices rose in March which also had an impact on food bills.