Consumer inflation may top 4%
June 18, 2008 · Filed Under Finance News · Comments Off
Rising food and energy prices could push UK consumer inflation above 4% this year, the governor of the Bank of England has warned.
He was speaking after the Office for National Statistics (ONS) said the Consumer Prices Index (CPI) rose by 3.3% in May, up from 3% in April.
This is the fastest rate since the CPI measure began in 1997, the ONS said.