UK inflation creeps higher

British CPI inflation edged further above the Bank of England's 2% target in January.

CPI inflation, the government's target measure, rose to 2.2% in January, up from 2.1% in December. The rise was lower than expected as economists predicted a rise to 2.3%.

Higher petrol, fruit and furniture prices were largely responsible for the increase, which was tempered by a fall in clothing and footwear costs.

After higher-than-expected factory-gate inflation on Monday 11 January, some commentators hav