Tuesday, March 18, 2008
CPI up RPI static
UK consumer inflation reached its highest level in nine months last month, spurred by rising energy bills. The Office for National Statistics said the Consumer Prices Index (CPI) hit 2.5% on an annual basis in February, up from 2.2% in January. A key reason for the rise was the change in the method used to calculate energy bills. Retail Prices Index inflation, which includes mortgage interest payments, remained the same at 4.1% last month.