Tuesday, Mar 20, 2007
UK inflation rate rises to 2.8%
BBC News: UK inflation rate rises to 2.8%
Inflation measured by the Consumer Prices Index (CPI) rose to 2.8% in February from January's figure of 2.7%.
There was a bigger rise in the Retail Prices Index (RPI), which rose to 4.6% from January's figure of 4.2%.
The RPI includes mortgage interest payments and is used in many wage negotiations.
If the CPI goes above 3%, Bank of England governor Mervyn King has to write a letter to the government explaining why it has happened.
Posted by kc @ 09:46 AM (157 views) Add Comment
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