From the BBC:
The UK inflation rate rose to 3.5% in January - the fastest annual pace for 14 months - from 2.9% the month before, official figures have shown.
Consumer Prices Index (CPI) inflation was driven up by VAT returning to 17.5% and higher petrol prices.
Retail Prices Index (RPI) inflation which includes housing costs, rose up to 3.7% in January, up from 2.4%.
Bank of England governor Mervyn King has had to write a letter of explanation to the chancellor.
A letter from the bank's governor is required if inflation is more than one percentage point above or below the government's 2% target.
In it, the governor said the inflation rise was "temporary".
Mr Darling responded, saying the inflation outlook was "subject to some uncertainty" as the world emerges from the "deepest downturn in modern times".
Full article:
BBC News - UK inflation accelerates to 3.5%
dont get me started again I am a hard working saver who's cash reserve is getting erroded due to inflation cuz of the credit dwelling trogladites anyway back to chill.fm Stavros |
Recent Posts Improving Website Visibility and Performance for E-commerce 1 comments How BusinAssist Supports Entrepreneurs with Company Formation & Virtual Office Solutions in the UK, USA & Canada How resource smoothing worked for my business Accounts for International Payments and FX? Investigating the Integration of Salary Sacrifice in Fleet Administration 3 comments A New Year begins - what's your resolution? 5 comments  Businesses that aren't yours but you would recommend 15 comments profits and new van 2 comments Composite front door 4 comments Vat / Vat Exempt 1 comments Artificial Grass Las Vegas aliexpress.com 2 comments Employee management? 8 comments  Box Ticking /Greenwash 1 comments  Business vanity awards - scam or good marketing? 1 comments |
