Wednesday, 15 October 2008

UK inflation soars to highest rate in 16 years

via Financial Times 15 October

The consumer prices index rose more than expected to 5.2% with the rise in utility bills having a greater impact than economists had predicted and was buttressed by some surprise price increases.

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Not much to comment on there – except that I have not yet experienced the slowdown in the food price inflation that the article talks about. I bought a bag of bread-flour yesterday and it had gone up by a whopping 20% since last week!

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