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Inflation remains at 2.7%

The rate of consumer price index inflation remained unchanged at 2.7% in December, official figures showed.

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Bank of England Governor due before Treasury Committee

Mervyn King will give evidence at Treasury Select Committee hearing later Credit: David Jones/PA Wire

As new inflation figures are expected to stay well above the Government's target of 2% the Governor of the Bank of England is due to give evidence at Treasury Select Committee hearing on the Financial Policy Committee's November 2012 report.

Ed Davey, the Energy Secretary will also appear before the Energy Bill Committee later today, it is expected that increases in energy bills will have played a large part in the above target inflation figures when they are released.

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