Tuesday, March 22, 2011

inflation hits highest level for more than two years

The rate of inflation has hit the highest level for more than two years as the price of fuel, food and clothing continues to rise.

Newly-released figures show the CPI rate of inflation soared to a higher-than-expected 4.4% last month, from an already high 4% in January.
Meanwhile the RPI measure of inflation, which includes mortgage payments, rose to 5.5% from 5.1% in January - its highest level for 20 years.


Source - Skynews - To view the full article click here


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