A Future That Works

A Future That Works
NO2aTory/Liberal coalition - Vote with your feet for an alternative to a neo-liberal economy and neo-conservative state Yes2aLeftFront and a Red/Green Left Alliance

Tuesday, 12 April 2011

British inflation rate for April stands at 4% but the trend remains upwards

The key reason for the deceleration was food, which saw its respective year-on-year inflation rate slow to 4.6% from 6.3%, this still gives a CPI inflation rate around 5% and RPI inflation rate above 6% for the year and domestic utility bills rising by nearly 10% and later on commodity prices increases in the agricultural industry will feed into the figures. It’s looking increasingly likely that when the Monetary Policy Committee meeting in May will decide to put interest rates up.

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