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12.08.2008 - UK inflation up to 4.4% in July

The UK's annual rate of inflation rose to 4.4% in July, up from 3.8% in June and more than twice the government's 2% target, official figures have shown.
The rise in the Consumer Prices British Gas raises energy bills ...
German consumer morale at five-year low ...
Dollar sinks to new low against euro on economic woes ...
Oil, food costs fuel eurozone inflation ...
Global food prices fall in April ...
Index (CPI) was higher than expected and driven mainly rising food prices.

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High petrol prices also helped to push up inflation as the data was collected before the recent drop in oil prices.
Inflation as measured by the Retail Prices Index (RPI) - often used in pay negotiations - rose to 5% from 4.6%.
Food prices jumped by a record 13.7% over the year mainly as a result of surging meat prices - particularly bacon, pork and poultry

(BBC)


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