UK inflation jumps to 2.3% in February, pushing the pound higher - business live

Food and fuel prices drove the consumer prices index to the highest level in almost three-and-a-half years in February Pounds rises 0.9% to $1.2465 after inflation data TUC warns of fresh living standards crisis Mark Carney: BoE will learn from Charlotte Hogg debacle 12.09pm GMT Here’s our full story on Mark Carney latest comments on the Charlotte Hogg debacle: Related: Carney: deputy should not have had to quit over 'honest mistake' 11.54am GMT Mark Carney was not amused when he was lobbed a question about today’s inflation data during the Q&A on banking standards. Asked what he made of the jump to 2.3% - a faster acceleration than the Bank expected - he answered rather abruptly that we shouldn’t “overreact to a single data point”. Continue reading...