And it's a 1.4% increase for February, leaving the three month figure up by 5.5% (despite January's 0.4% decline). What does the data mean? Not very much. Except that it shows there's enough heat somewhere in the market for the Bank Of England to want to keep interest rates where they are when they meet today and tomorrow. Click this to download the report as a pdf file.

Mildly pessimistic start to the year from Halifax [February 9]