>> So many shops so little time, but now there's even more pressure on Brexit Britain's consumers. Prices are going up and by faster than was forecast. Headline inflation at 2.3% in February is also above official targets in the biggest jump in over three years. Reuters Market Editor Mike Dolan.
>> And it also raises a conundrum for the bank, which has interest rates as low as a quarter percent, as to what direction it takes it, monetary policy next.>> Even core inflation is now at 2% as transport costs rise. Food prices were up in February for the first time in over two years.
Consumer confidence now looks vulnerable, just as Britain faces up to its biggest unknown, Brexit. Theresa May preparing to press the button next week on divorce proceedings with the EU.>> The bank itself forecasts inflation to rise somewhere in the region of 2.8% by the middle of next year.
But you can see a 2.3% today at this early point of 2017. The risk at least in many people's minds will be that it'll over shoot that.>> Many economists already see a 3% rate over the next year. And with earnings growth now slowing, consumers may be left wondering which way to turn.