UK caught by surprise by Decembers inflation jump: 3.7%

18th January 2011, Comments 0 comments

Inflation in the UK rose to 3.7 percent in December, an 8-month high and well above the target of 2 percent set by the Bank of England. Inflation is expected to rise again in January because of a new year increase in VAT value added tax, from 17.5 percent to 20 percent. The central bank ...

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