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Fuel and power costs drive increase in inflation

A huge rise in the cost of fuel and power were the main cause of a slight rise in inflation in January, statistics released today show.

The Consumer Price Index measured inflation at three percent in January a rise of 0.1 percent on the previous month.

According to the report: “The health and personal care sector remained the largest contributor to the 12-month rate of price increase. The annual increase to January 2012 was 6.9 percent.

“The food and fuel and power sectors also impacted strongly on the annual rate of inflation. Price shifts in these two sectors were 3.8 and 13.4 percent, respectively.”

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Published March 07, 2012 at 12:00 pm (Updated March 07, 2012 at 12:13 pm)

Fuel and power costs drive increase in inflation

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