Tuesday, 18 May 2010

Inflation hits 3.7% in April

Guardian-Inflation has been running ahead of target through 2010 - CPI rose to 3.5% in January, 3% in February and 3.4% in March.

The governor of the Bank of England must explain to Britain's new chancellor why the cost of living, as measured by the consumer prices index (CPI), is more than a percentage point above the offical target of 2%. He is likely to blame rising fuel costs and the tax rises on alcohol that were introduced in last March's budget more


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