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Inflation grows in Britain in February as energy bills rise

Business Materials 18 March 2008 14:08 (UTC +04:00)

(dpa) - Inflation in Britain soared in February reaching a nine-month high of 2.5 per cent, the Office for National Statistics said Tuesday.

Rising energy bills for households following the increase in the oil price were blamed mainly for the increase from 2.2 per cent in the previous month.

The government's upper limit for inflation is 2 per cent.

Britain measures official inflation by the Consumer Price Index (CPI).

However, if based on the Retail Prices Index (RPI) - often seen as a more representative measure of inflation as it includes the cost of housing and mortgages - the rate remained unchanged last month at 4.1 per cent.

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