Oct

CPI inflation hits 3% but Carney says it has not peaked

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The Latest Office of National Statistics (ONS) figures for September show Consumer Price Inflation is now at a 5 year high of 3%.

This is up from 2.9% in August, but Mark Carney the Governor of the Bank of England told the Treasury Select Committee that inflation was likely to rise further in the relatively near term and “inflation rising potentially above the 3% level in the coming months is something we have anticipated.”

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