Wednesday, August 13, 2008

The economy is in safe hands

U.K. Inflation Rate Jumps to a 16-Year High

LONDON -- Consumer inflation hit a 16-year high last month in the U.K., rising to more than double the Bank of England's target. Consumer prices rose 4.4% from a year earlier, after rising 3.8% in June, the Office for National Statistics said. Last month was the third in a row in which inflation was more than a percentage point above the central bank's 2% target

Posted by eternal sceptic @ 09:04 PM (514 views)
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