Inflation now up to 5.2 per cent
by Catherine Woods - Tuesday, 14th October 2008 - - Business comment
The good news today is that the stock markets appear to be rallying following action by governments around the world to revive the banking sector...
The bad news is inflation is now at 5.2 per cent. Ever-increasing food and oil prices are seemingly to blame.
We shouldn’t be too surprised given the Bank of England’s statement last week when it cut interest rates.
But still… ouch.
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Related tags: inflation, food prices, banking sector, oil prices, bank of england, interest rates, bailout,
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