Tuesday, September 13, 2011
How ‘unexpected’ will it be?
The rising cost of utility bills is expected to push the official rate of inflation to a three-year high when figures are released later. Economists predict the consumer prices index (CPI) measure of inflation for August will rise to 4.6%, up from 4.4% the previous month. It would be its highest level since September 2008 when it hit 5.2%. Scottish Power and British Gas raised their gas tariffs in the month, by 19% and 18%,respectively, alongside big increases for electricity.