Inflation rises to 2.8%

The rate of consumer price index inflation rose to 2.8% in February, from 2.7% in January, official figures showed.

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ONS due to release latest inflation figures

The Office for National Statistics (ONS) will release inflation figures for February later this morning. The cost of living is expected to rise driven by the fall in value of the pound increasing the cost of imported goods.

ONS due to release latest inflation figures Credit: Dominic Lipinski/PA Wire

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