UK rates concern as inflation misses target
Posted on July 15th, 2010
The Consumer Price Index rate of inflation dropped from 3.4pc in May to 3.2pc last month, according to the Office for National Statistics, but fell short of economists’ targets of a decline to 3.1pc.
Increasing concern was the increase in “core” inflation, which excludes volatile factors such as food and petrol, from 2.9pc to 3.1pc.
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Tags: Misses Target, Target
Filed under Bank Rates |