- 7 updates
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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Government 'making things worse not better'
Labour's Shadow Treasury Minister has responded to today's inflation figures, saying that the government is "making things worse not better."
Cathy Jamieson MP said:
Utility bills biggest upward contributors to inflation
The biggest upward contribution to the new inflation rate of 2.8% has been increases in gas and electricity bills, as well as price changes for recreational goods, according to the Office for National Statistics.
Also contributing were prices for motor fuels and air transport.
The largest downward contributions came from small price increases for food and drinks.
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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.”
Underlying rate of retail price inflation falls to 3.2%
The underlying rate of retail price index inflation fell to 3.2% in February from 3.3% in January, the ONS said.
Headline rate of retail price inflation falls to 3.2%
The headline rate of retail price index inflation fell to 3.2% in February, from 3.3% in January, the Office for National Statistics said.
Rate of consumer price inflation rises to 2.8% in February
The rate of consumer price index inflation rose to 2.8% in February, from 2.7% in January, official figures showed today.
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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.