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21st Mar 2016 04:21U.K., Economic Monitor

February's consumer price figures, released tomorrow, are likely to show that CPI inflation has picked up again, perhaps to 0.5%--the highest rate since December 2014--from 0.3% in January. This will give the Monetary Policy Committee more confidence in its judgement that CPI inflation will be back at the 2% target in two years' time.

fuel motor fuel utility gas price gas prices food core goods inflation import prices import wage wage costs cpi cpi inflation energy energy prices sterling

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Keywords for: 21 Mar. Upside Inflation Surprise in February Unlikely to be the Last

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