Economist, Howard Archer says: "While inflation should trend lower over the coming months, the very real danger is that it will prove significantly stickier than had been hoped for due to persistently high oil prices.
Sticky consumer price inflation would maintain an appreciable squeeze on consumers' purchasing power and dilute hopes that consumers will increasingly step up their spending as 2012 progresses."
More top news
A city in China has opened a dedicated 'mobile phone lane' to help texting pedestrians safely navigate their way around.
Rio Ferdinand has hit out at former England team-mate John Terry, labelling the Chelsea skipper as 'the biggest idiot'
A mother and son who are voting for opposing teams in Thursday's referendum explain the divide the debate has created in their home.