The UK's annual rate of inflation has risen to 4.7% in August, its highest level since records began in 1997.
Bank of England Governor Mervyn King will now have to write a letter to the chancellor explaining why inflation is higher than the government's 2% target.
Higher energy and food bills sent the Consumer Price Index (CPI) higher, the Office for National Statistics said.
Inflation as measured by the Retail Prices Index German Finance Minister Hails Dresdner Bank Sale ...
German consumer confidence at five-year low ...
Twenty20 winners to face England ...
Belgian PM 'to offer resignation' ... (RPI) - often used in pay negotiations - fell to 4.8% from 5%.
(BBC)
<< Back