On the eve of the Budget, allegedly one designed for "growth", George Osborne has been hit by the unwelcome news that CPI inflation has risen to 4.4% in February and RPI has risen to 5.5%.
This of course, as I have noted before on this site, is not unexpected given that VAT was raised to 20% in January.
As such this inflation is an own goal scored by Osborne.
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