The latest price inflation figures for the year to March 2012 show that the Consumer Prices Index (CPI) measure of inflation has risen to 3.5%.
The rise from 3.4% the previous month hopefully represents a temporary blip in the fall in the rate of inflation this year.
Looking at the news release from the Office for National Statistics, the largest upward pressures this month came from food, clothing and recreation & culture.
There were downward pressures from electricity, gas & other fuels and transport.
The Retail Prices Index (RPI) measure of price inflation stands at 3.6% in March, down from 3.7% in February.
RPI includes some elements which are excluded from the CPI calculation, including mortgage interest payments and house depreciation.
CPI inflation remains well above the government target of 2%, although various economists and the Bank of England are reasonably confident it will fall either to or below this target within the next 18 months.
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