Business 13 November 2012 Business quote of the day: inflation surprises Sign UpGet the New Statesman\'s Morning Call email. Sign-up “The surprise for us was the extent of the food price increase" Ross Walker, UK economist at RBS, explains why the latest UK inflation figures show a sharp increase, and were worse than expected. The Treasury said the figures were “disappointing”, and Labour has called them “worrying.” › Memo to Fleet Street: it isn't just the BBC that makes mistakes Photograph: Getty Images Alex Hern is a technology reporter for the Guardian. He was formerly staff writer at the New Statesman. You should follow Alex on Twitter. Subscribe For daily analysis & more political coverage from Westminster and beyond subscribe for just £1 per month!