Treasury 'disappointed' by inflation rises

Inflation has halved since its peak in September but any increase is disappointing. The Government knows how tough things are for families at the moment and that is why we have reduced income tax, and frozen both council tax and fuel duty.

– Treasury spokesman

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Rail fares set to rise by 6.2%

Commuters in England face 6.2% rise in average train fares after a shock increase in the Retail Prices Index measure of inflation. Cars, air fares, clothing and housing are being blamed for the surprise rise in the Consumer Prices Index of inflation.