Inflation Double Government Target
Published / Last Updated on 14/09/2008
Inflation Double Government Target
Inflation rose to 4.4 per cent in July, more than twice the Bank of England’s target of 2 per cent and up from 3.8 per cent in June. The increase in the Consumer Prices Index CPI has been driven by the increase in costs of commodities, mainly food and energy.
Inflation continues to move higher, however we suggest the market will be more interested Bank of England MPC’s inflation report that gives a longer term view of inflation over the next few years..
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