Wednesday, 20 March 2013

i-thorts' i-Politics: Energy bill rises push inflation to nine-month high

ANNUAL UK consumer prices index inflation rose to a nine-month high of 2.8% in February, from 2.7% in January, according to official figures that highlight the squeeze on real household incomes.

Rises in household gas and electricity bills last month, which contrasted with falls in February 2012, drove the increase in annual CPI inflation. Increases in prices of games, toys and hobbies, notably computer games and photographic equipment, also put upward pressure on annual inflation last month, as did jumps in air fares and petrol and diesel prices.

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