Faisal Islam: Inflation complicates next month's rate decision

While the economy started this year strongly, Wednesday saw another example of a surprise to the markets in the wrong direction.In May the economy slowed again, and now inflation has quickened faster than expected. It is expected to stay well above the Bank of England's target level until autumn.For consumers, still reeling from years of higher prices and a recent pickup in food prices, the new number is less a…