Monday, July 14, 2008
The MPC have abandoned the wheel, and jumped from the car
June's CPI will be published tomorrow, and analysts believe that it will have risen to 3.6%. The British Retail Consortium said last week that food prices were 7% higher in June than a year earlier, the highest annual food price inflation since the series began. The MPC's role is to keep inflation - as measured by their consumer prices index - at 2%.