Inflation sees first rise since November to 2.5%

According to the Office for National Statistics, the Consumer Price Index increased as a result of rising prices from computer games and transport fares, which made the largest upward contributions during the month. The increase in oil prices over the past year also fed through to a rise in energy inflation from 8.7% to 9.3%. The price of Brent Crude oil has risen from $50 per barrel a year ago to $72 per barrel.  The figure was in line with analyst expectations but less than the 2.6% expected by the Bank of England, which last week raised interest rates to 0.75%. The largest downw...