UK inflation jumps to 2.5%

British inflation rose by 0.3 percentage points in the year to February, an increase that was widely expected after the Bank of England said last month that price growth was set to accelerate over the next quarter. Changes to the way in which the measure is calculated were also expected to result in an upward shift.

The rise leaves inflation at 2.5%, half a percentage point above the central bank's target, and below the 3% level at which Mervyn King, the Bank's governor, must write a letter t