CPI has come in at +0.7% m/m, +4.4% y/y, stronger than median forecasts +0.6%, +4.2% respectively
Highest y/y rate since October 2008.
ONS says biggest upward impact on CPI from housing, domestic heating bills and clothing
Elsewhere, PSNB in February +10.280 bln, worse than median forecast of +8.0 bln. Highest PSNB for month of February since records began in Jnauary 1993.
PSNCR came in at +6.981 bln compared to median forecast -4.2 bln.
Public finance data makes poor reading just ahead of the Chancellors’ Budget tomorrow.