Inflation Jump May Put Paid to Early Rates Cut ; a Shock Spike in the Cost of Living During April has Hit Hopes for Interest Rate Cuts in the Near Future As Inflation Soared at Its Highest Pace for Nearly Six Years.

Western Daily Press › May 15, 2008

Linked as:

Summary

A Shock spike in the cost of living during April has hit hopes for interest rate cuts in the near future as inflation soared at its highest pace for nearly six years.

The Consumer Prices Index jumped 0.5 per cent to three per cent - shattering City forecasts.

See the full content of this document

Extract

Inflation Jump May Put Paid to Early Rates Cut ; a Shock Spike in the Cost of Living During April has Hit Hopes for Interest Rate Cuts in the Near Future As Inflation Soared at Its Highest Pace for Nearly Six Years.

The biggest monthly rise since July 2002 spell...

See the full content of this document