Wednesday, Jul 16, 2008
The rise reported yesterday means inflation has more than doubled since Labour came to power in May 1997, when it was 1.6 per cent.
mail: Global economy facing 'perfect storm' as inflation hits 16-year high - and the worst is yet to come
The Consumer Price Index, the Government's preferred measure of inflation, shows that 'essential' items, are rising the fastest. Over the last year, the cost of eggs has risen 37.1 per cent, butter 31.5 per cent, beef 17.6 per cent and bread 16.8 per cent. In June, the average price of four pints of milk rose 10p.
The Office for National Statistics, which compiled
Posted by big chris @ 03:19 AM (131 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
No comments have been submitted.
Be the first person to add your comment by completing the form below.