Thursday, July 21, 2011

More Bad News Coming Thick and Fast

Inflation 'could hit 20-year high' as banks warn of 5.5% rate amid rising power costs

Inflation could soon hit levels not seen for two decades, the Bank of England warned yesterday.Prices are already rising at a crippling 4.2 per cent, more than double the 2 per cent target the Bank is supposed to meet. But, in a report yesterday, it warned inflation is likely to surpass 5 per cent in the coming months.

Posted by sovietuk @ 10:54 AM (932 views)
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