http://www.bbc.co.uk/news/business-15344297
Despite predications from Bank of England Governor Mervyn King that inflation has probably peaked, this is not good news for George Osborne or David Cameron.
The rise in both CPI and RPI have frustrated the Coalition's plans to cut the budget deficit especially with the rise in pensions and benefits of 5.2%.
With the direction of inflation remaining very much dependent on what happens to the price of oil, the financial situation in the UK remains very volatile.
This is despite the most optimistic forecasts from economic experts.
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