Wednesday, August 09, 2006

Bank of England Inflation Report

CPI Inflation has risen sharply since the May Report, reaching 2.5% in June 2006.

That partly reflected the pass through of previously announced increases in domestic energy prices into household bills.

Higher University tuition fees, and the continuing pass through of higher energy prices are likely to push inflation further above the published 2% target for a while yet.

DATED: 09.08.06

FEED: BoE





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