Higher oil prices,rising wages and dearer imports as a result of a falling pound could push up prices during the course of 2016Fears of a rise in UK inflation acquire proved unfounded after the latest official figures showed the annual increase in the cost of living unchanged at 0.3% in FebruaryCheaper secondhand cars helped to offset rising food prices to sustain the inflation rate well below the government’s 2% target last month, the Office for National Statistics said.
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Source: theguardian.com