Tuesday, April 20, 2010
More letters from Mervyn on the way
The U.K.â€™s inflation rate jumped more than economists forecast in March, breaching the governmentâ€™s upper limit for the second time this year after energy costs rose within weeks of the election. Consumer prices climbed 3.4 percent from a year earlier, compared with a 3 percent increase in February, the Office for National Statistics said in London today. The median forecast of 30 economists surveyed by Bloomberg News was 3.1 percent. On the month, prices increased 0.6 percent.