05-13-2008, 04:44 PM
According to the UK Office for Statistics the inflation is generally reasoned by high food and fuel costs. Experts believed that it will reach only 2.5%. It will make the Bank of England cut interest rates.
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Inflation in the UK reached 3% within 13 months
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05-19-2008, 08:03 AM
Taking into consideration the increasing prices 3% is not a high inflation even for the UK. The problem though is that the UK inflation could be higher over next few years.
05-29-2008, 12:22 PM
euigorwithyou Wrote:Taking into consideration the increasing prices 3% is not a high inflation even for the UK. The problem though is that the UK inflation could be higher over next few years. consumers' purchasing power will decrease and consequently people will begin making savings
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