UK inflation increases to 16-year high

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UK inflation increases to 16-year high

Economy Discussion of the UK economy and economic news.

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09-16-2008, 04:12 PM

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UK inflation increases to 16-year high

The UK’s annual rate of inflation has reached a 16-year high of 4.7% in August, up from 4.4% the previous month. The figure is more than double the bank’s target of 2% and has meant the Bank of England’s Governor, Mervyn King, has been forced to write a letter to Chancellor Alistair Darling explaining why. Mr [...]

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