UK inflation climbs to 4.4 percent in July (Lexington Herald-Leader)

Story date: 2008-08-12 04:50:05
Added on: 2008-08-12 04:51:38

Consumer price inflation rate leapt to 4.4 percent in July, the government said Tuesday, making it difficult for the Bank of England to consider lowering interest rates to ward off the risk of recession. The report from the Office for National Statistics showed inflation is now at more than double the government's target of 2 percent, after rising from 3.8 percent in June. The 0.6 ...


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