Treasury: 'Inflation in line with market expectations'

A spokesperson for the Treasury has commented on today's inflation data from the Office for National Statistics.

The spokesperson said: “Inflation is in line with market expectations and down by almost a half from its peak of 5.2 per cent.”

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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.