Energy bill hikes to push inflation up

Published on 19/03/2013 00:00

ENERGY bill rises and increases in fuel costs are expected to push the latest inflation figure to 2.8 per cent today, above the government’s 2 per cent target.

The upward movement in the Consumer Prices Index (CPI) measure of inflation for February follows a four-month run when it has remained at 2.7 per cent. Economists predict CPI will rise to 3.5 per cent in the summer.