UK inflation soars to 4.4%
Retail prices index, which includes housing costs, hit 5.5% – its highest level since July 1991 UK inflation rose to 4.4% last month, its highest level since October 2008, as rising heating and clothing costs continued to drive up the cost of living. February’s consumer prices index reading, which was higher than the City had expected, pushed the pound to a new 14-month high of 1.6377. The retail prices index, which includes housing costs, hit 5.5% – its highest level since July 1991. Economists believe the rising cost of living will force the Bank of England to hike UK interest rates above the current record low of 0.5%, with several some expecting a rise in May. However, Bank governor Mervyn King has repeatedly insisted that CPI will fall back to the official target of 2% in the medium term . King has also pointed out that many of the causes of the rising cost of living, such as the high oil price and record commodity and food costs, are external factors that would not be significantly affected by a change to the cost of borrowing. Inflation Economics Bank of England Interest rates Graeme Wearden guardian.co.uk
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on March 22, 2011. Filed under News, Politics, World News.
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UK inflation soars to 4.4%
Retail prices index, which includes housing costs, hit 5.5% – its highest level since July 1991 UK inflation rose to 4.4% last month, its highest level since October 2008, as rising heating and clothing costs continued to drive up the cost of living. February’s consumer prices index reading, which was higher than the City had expected, pushed the pound to a new 14-month high of 1.6377. The retail prices index, which includes housing costs, hit 5.5% – its highest level since July 1991. Economists believe the rising cost of living will force the Bank of England to hike UK interest rates above the current record low of 0.5%, with several some expecting a rise in May. However, Bank governor Mervyn King has repeatedly insisted that CPI will fall back to the official target of 2% in the medium term . King has also pointed out that many of the causes of the rising cost of living, such as the high oil price and record commodity and food costs, are external factors that would not be significantly affected by a change to the cost of borrowing. Inflation Economics Bank of England Interest rates Graeme Wearden guardian.co.uk
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on March 22, 2011. Filed under News, Politics, World News.
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UK inflation soars to 4.4%
Retail prices index, which includes housing costs, hit 5.5% – its highest level since July 1991 UK inflation rose to 4.4% last month, its highest level since October 2008, as rising heating and clothing costs continued to drive up the cost of living. February’s consumer prices index reading, which was higher than the City had expected, pushed the pound to a new 14-month high of 1.6377. The retail prices index, which includes housing costs, hit 5.5% – its highest level since July 1991. Economists believe the rising cost of living will force the Bank of England to hike UK interest rates above the current record low of 0.5%, with several some expecting a rise in May. However, Bank governor Mervyn King has repeatedly insisted that CPI will fall back to the official target of 2% in the medium term . King has also pointed out that many of the causes of the rising cost of living, such as the high oil price and record commodity and food costs, are external factors that would not be significantly affected by a change to the cost of borrowing. Inflation Economics Bank of England Interest rates Graeme Wearden guardian.co.uk
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on March 22, 2011. Filed under News, Politics, World News.
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UK inflation soars to 4.4%
Retail prices index, which includes housing costs, hit 5.5% – its highest level since July 1991 UK inflation rose to 4.4% last month, its highest level since October 2008, as rising heating and clothing costs continued to drive up the cost of living. February’s consumer prices index reading, which was higher than the City had expected, pushed the pound to a new 14-month high of 1.6377. The retail prices index, which includes housing costs, hit 5.5% – its highest level since July 1991. Economists believe the rising cost of living will force the Bank of England to hike UK interest rates above the current record low of 0.5%, with several some expecting a rise in May. However, Bank governor Mervyn King has repeatedly insisted that CPI will fall back to the official target of 2% in the medium term . King has also pointed out that many of the causes of the rising cost of living, such as the high oil price and record commodity and food costs, are external factors that would not be significantly affected by a change to the cost of borrowing. Inflation Economics Bank of England Interest rates Graeme Wearden guardian.co.uk
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on March 22, 2011. Filed under News, Politics, World News.
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UK inflation soars to 4.4%
Retail prices index, which includes housing costs, hit 5.5% – its highest level since July 1991 UK inflation rose to 4.4% last month, its highest level since October 2008, as rising heating and clothing costs continued to drive up the cost of living. February’s consumer prices index reading, which was higher than the City had expected, pushed the pound to a new 14-month high of 1.6377. The retail prices index, which includes housing costs, hit 5.5% – its highest level since July 1991. Economists believe the rising cost of living will force the Bank of England to hike UK interest rates above the current record low of 0.5%, with several some expecting a rise in May. However, Bank governor Mervyn King has repeatedly insisted that CPI will fall back to the official target of 2% in the medium term . King has also pointed out that many of the causes of the rising cost of living, such as the high oil price and record commodity and food costs, are external factors that would not be significantly affected by a change to the cost of borrowing. Inflation Economics Bank of England Interest rates Graeme Wearden guardian.co.uk
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on March 22, 2011. Filed under News, Politics, World News.
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UK inflation soars to 4.4%
Retail prices index, which includes housing costs, hit 5.5% – its highest level since July 1991 UK inflation rose to 4.4% last month, its highest level since October 2008, as rising heating and clothing costs continued to drive up the cost of living. February’s consumer prices index reading, which was higher than the City had expected, pushed the pound to a new 14-month high of 1.6377. The retail prices index, which includes housing costs, hit 5.5% – its highest level since July 1991. Economists believe the rising cost of living will force the Bank of England to hike UK interest rates above the current record low of 0.5%, with several some expecting a rise in May. However, Bank governor Mervyn King has repeatedly insisted that CPI will fall back to the official target of 2% in the medium term . King has also pointed out that many of the causes of the rising cost of living, such as the high oil price and record commodity and food costs, are external factors that would not be significantly affected by a change to the cost of borrowing. Inflation Economics Bank of England Interest rates Graeme Wearden guardian.co.uk
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on March 22, 2011. Filed under News, Politics, World News.
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UK inflation soars to 4.4%
Retail prices index, which includes housing costs, hit 5.5% – its highest level since July 1991 UK inflation rose to 4.4% last month, its highest level since October 2008, as rising heating and clothing costs continued to drive up the cost of living. February’s consumer prices index reading, which was higher than the City had expected, pushed the pound to a new 14-month high of 1.6377. The retail prices index, which includes housing costs, hit 5.5% – its highest level since July 1991. Economists believe the rising cost of living will force the Bank of England to hike UK interest rates above the current record low of 0.5%, with several some expecting a rise in May. However, Bank governor Mervyn King has repeatedly insisted that CPI will fall back to the official target of 2% in the medium term . King has also pointed out that many of the causes of the rising cost of living, such as the high oil price and record commodity and food costs, are external factors that would not be significantly affected by a change to the cost of borrowing. Inflation Economics Bank of England Interest rates Graeme Wearden guardian.co.uk
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on March 22, 2011. Filed under News, Politics, World News.
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UK inflation soars to 4.4%
Retail prices index, which includes housing costs, hit 5.5% – its highest level since July 1991 UK inflation rose to 4.4% last month, its highest level since October 2008, as rising heating and clothing costs continued to drive up the cost of living. February’s consumer prices index reading, which was higher than the City had expected, pushed the pound to a new 14-month high of 1.6377. The retail prices index, which includes housing costs, hit 5.5% – its highest level since July 1991. Economists believe the rising cost of living will force the Bank of England to hike UK interest rates above the current record low of 0.5%, with several some expecting a rise in May. However, Bank governor Mervyn King has repeatedly insisted that CPI will fall back to the official target of 2% in the medium term . King has also pointed out that many of the causes of the rising cost of living, such as the high oil price and record commodity and food costs, are external factors that would not be significantly affected by a change to the cost of borrowing. Inflation Economics Bank of England Interest rates Graeme Wearden guardian.co.uk
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on March 22, 2011. Filed under News, Politics, World News.
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UK inflation soars to 4.4%
Retail prices index, which includes housing costs, hit 5.5% – its highest level since July 1991 UK inflation rose to 4.4% last month, its highest level since October 2008, as rising heating and clothing costs continued to drive up the cost of living. February’s consumer prices index reading, which was higher than the City had expected, pushed the pound to a new 14-month high of 1.6377. The retail prices index, which includes housing costs, hit 5.5% – its highest level since July 1991. Economists believe the rising cost of living will force the Bank of England to hike UK interest rates above the current record low of 0.5%, with several some expecting a rise in May. However, Bank governor Mervyn King has repeatedly insisted that CPI will fall back to the official target of 2% in the medium term . King has also pointed out that many of the causes of the rising cost of living, such as the high oil price and record commodity and food costs, are external factors that would not be significantly affected by a change to the cost of borrowing. Inflation Economics Bank of England Interest rates Graeme Wearden guardian.co.uk
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on March 22, 2011. Filed under News, Politics, World News.
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UK inflation soars to 4.4%
Retail prices index, which includes housing costs, hit 5.5% – its highest level since July 1991 UK inflation rose to 4.4% last month, its highest level since October 2008, as rising heating and clothing costs continued to drive up the cost of living. February’s consumer prices index reading, which was higher than the City had expected, pushed the pound to a new 14-month high of 1.6377. The retail prices index, which includes housing costs, hit 5.5% – its highest level since July 1991. Economists believe the rising cost of living will force the Bank of England to hike UK interest rates above the current record low of 0.5%, with several some expecting a rise in May. However, Bank governor Mervyn King has repeatedly insisted that CPI will fall back to the official target of 2% in the medium term . King has also pointed out that many of the causes of the rising cost of living, such as the high oil price and record commodity and food costs, are external factors that would not be significantly affected by a change to the cost of borrowing. Inflation Economics Bank of England Interest rates Graeme Wearden guardian.co.uk
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on March 22, 2011. Filed under News, Politics, World News.
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UK inflation soars to 4.4%
Retail prices index, which includes housing costs, hit 5.5% – its highest level since July 1991 UK inflation rose to 4.4% last month, its highest level since October 2008, as rising heating and clothing costs continued to drive up the cost of living. February’s consumer prices index reading, which was higher than the City had expected, pushed the pound to a new 14-month high of 1.6377. The retail prices index, which includes housing costs, hit 5.5% – its highest level since July 1991. Economists believe the rising cost of living will force the Bank of England to hike UK interest rates above the current record low of 0.5%, with several some expecting a rise in May. However, Bank governor Mervyn King has repeatedly insisted that CPI will fall back to the official target of 2% in the medium term . King has also pointed out that many of the causes of the rising cost of living, such as the high oil price and record commodity and food costs, are external factors that would not be significantly affected by a change to the cost of borrowing. Inflation Economics Bank of England Interest rates Graeme Wearden guardian.co.uk
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on March 22, 2011. Filed under News, Politics, World News.
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UK inflation soars to 4.4%
Retail prices index, which includes housing costs, hit 5.5% – its highest level since July 1991 UK inflation rose to 4.4% last month, its highest level since October 2008, as rising heating and clothing costs continued to drive up the cost of living. February’s consumer prices index reading, which was higher than the City had expected, pushed the pound to a new 14-month high of 1.6377. The retail prices index, which includes housing costs, hit 5.5% – its highest level since July 1991. Economists believe the rising cost of living will force the Bank of England to hike UK interest rates above the current record low of 0.5%, with several some expecting a rise in May. However, Bank governor Mervyn King has repeatedly insisted that CPI will fall back to the official target of 2% in the medium term . King has also pointed out that many of the causes of the rising cost of living, such as the high oil price and record commodity and food costs, are external factors that would not be significantly affected by a change to the cost of borrowing. Inflation Economics Bank of England Interest rates Graeme Wearden guardian.co.uk
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on March 22, 2011. Filed under News, Politics, World News.
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