Inflation picks up in February

The Consumer Price Index (CPI) rose to an annualised rate of 2% from 1.9% in January, as prices of computer games, newspapers, and books increased faster than they did during the same month one year earlier. Fuel prices did increase, but at a slower rate than they did in February 2005, likewise transportation cost increases were slower than previously. Both factors acted as a brake on overall inflation, the ONS states. The rate of inflation according to the Retail Price Index (RPI) and RPIX, which excludes mortgage interest payments, both remained unchanged at 2.4% and 2.3% respectively...