Inflation uptick creates snag for policymakers

Customers shop for groceries in a supermarket in LondonLONDON (Reuters) – Inflation rose in March for the first time in six months, blunting the Bank of England’s appetite for injecting more cash into the struggling economy and piling further pressure on the government after a heavily criticised budget. The central bank and the government had been hoping that falling price pressures would ease the squeeze on Britons’ finances and boost consumer spending, but the renewed rise in inflation could threaten the fragile economic recovery. The International Monetary Fund (IMF) raised its 2012 growth forecast for Britain slightly to 0. …



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