John Stepek
British Inflation Highest in 11 Years
Read the full article: http://www.contrarianprofits.com/articles/british-inflation-...
British inflation reached its highest rate since the Labour government handed over monetary policy responsibilities to the Bank of England (BoE) in 1997, reports Bloomberg.
At 3.3%, inflation is way above target (2%), and BoE Governor Mervyn King has conceded that it could breach 4% later this year.
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