Tuesday, April 17, 2012
CPI to hold at 3.4%. Get the f*** outta here!!!
Record petrol costs and higher food bills are set to dash any hopes that inflation figures on Tuesday will show a softening in the cost of living. The consumer price index (CPI) rate of inflation is forecast to hold at 3.4% in March - its lowest rate since November 2010 but still far below the Bank of England's 2% target. Inflation has fallen from 5.6% last September due to the waning impact of the VAT hike at the start of 2011, falling energy, food and commodity prices and a number of bill cuts from utility providers in February.