UK Inflation hits nine-month high

The upturn was attributed to a change in the methodology employed for calculating energy costs; without the change, CPI would have stayed at 2.2pc. With CPI remaining above the 2pc target, analysts said the Bank of England faced the problem of squaring rising inflation with a slowing economy. The headline (RPI) rate, meanwhile, was unchanged on the month, at 4.1pc. Significantly, 'core inflation', which excludes oil and food, fell to an 18 month low of 1.2pc in February. To comment, contact David Carr on 0207 034 2638 or email [email protected]