Inflation 'under control’ at 3.4 per cent in February

Sky News Business Editor Ross Greenwood says the latest inflation figures are “good news” in terms of the cost of living and are “under control”. The latest monthly CPI indicator reveals inflation rose 3.4 per cent in the 12 months to February this year. This means inflation remains unchanged from January and is below forecasts of 3.5 per cent. “What you can really see is that inflation is trending down over a period of time,” Mr Greenwood said. “We can actually see this in the price of some of the goods and services that are there.”