Inflation Fuels Rate Fears

The JournalJuly 14, 2004

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Summary


Faster growth in prices of computer games and foreign holidays helped drive inflation to an 18-month high, official figures showed yesterday.

The Consumer Prices Index (CPI) rose to 1.6 per cent in June from 1.5pc during the previous month, according to data from the Office for National Statistics (ONS).

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Extract


Inflation Fuels Rate Fears

Inflation on the CPI basis was last higher in December 2002, when the annual rate was 1.7pc, the ONS added.

It ...

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