Inflation climbs to 3.4%
Inflation in the year to March rose to 3.4% according to the Office for National Statistics (ONS).
The consumer prices index, which is used by the Bank of England in its decisions on interest rates, was up from 3.0% in February. The retail prices index, which includes mortgage interest payments, also jumped to 4.4% from 3.7% in February.
The ONS cited rises in petrol prices, food and non-alcoholic beverages as reasons for the sharp increase in inflation.
Jörg Radeke, economist at the centre for economics and business research, commented: "The rise of annual inflation in March was above
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