Marvin on inflation jump and the Cyprus situation

February had the biggest monthly increase in consumer prices in more than 20 years.

Inflation rose 0.7 percentage points to 1.2 per cent in February – a bigger increase than economists had expected. Core inflation also rose sharply to 1.4 percent when 1 per cent was expected.

Gasoline was the biggest inflation driver, with a month-over-month increase of 8.4 per cent.

But Marvin Ryder from the DeGroote School of Business tells us the inflation news isn’t as bad as some would suspect.