Inflation hits highest since June 2014 as fuel prices surge

By Andy Bruce and David MillikenLONDON (Reuters) - British consumer prices rose last month at the fastest pace since June 2014 and are set to rise further, propelled by higher global oil prices and the Brexit-fuelled fall in the pound,official data showed on Tuesday.Consumer prices increased by 1.8 percent compared with a year earlier, picking up from 1.6 percent in December, and prices paid by factories jumped by more than 20 percent.The Bank of England expects inflation to approach 2.7 percent