The UK's annual rate of inflation has risen to 4.7% in August, its highest level since records began in 1997.
Bank of England Governor Mervyn King will now have to write a letter to the chancellor Deutsche Bank to buy 30 percent of Postbank ...
European Rates on Hold as Economic Worries Mount ...
Inflation climbs to 3.8% in June ...
Markets slide on inflation fears ...
Energy bills could go up by 40% ... explaining why inflation is higher than the government's 2% target.
Higher energy and food bills sent the Consumer Price Index (CPI) higher, the Office for National Statistics said.
Inflation as measured by the Retail Prices Index (RPI) - often used in pay negotiations - fell to 4.8% from 5%.
(BBC)
<< Back
