UK inflation rate rises to 3.4%

[xman]

The UK inflation rate rose sharply to 3.4% in March from 3% the month before, official figures have shown.The rise in the Consumer Prices Index (CPI) inflation rate was greater than analysts had expected.

Retail Prices Index (RPI) inflation, which includes housing costs, also rose sharply to 4.4% in March from 3.7%.

The CPI inflation rate is the measure targeted by Bank of England interest-rate setters, while RPI is often used as a benchmark in wage negotiations.

This article is from the BBC News website. ? British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.