Rising Petrol Prices Fuel Increase in Inflation

The JournalAugust 17, 2005

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Summary


Rising petrol prices sent inflation to its highest level last month since current records began in 1997, according to official figures.

With motorists facing higher fuel bills due to record oil prices, the annual rate of Consumer Prices Index (CPI) inflation rose to 2.3% in July from 2% the previous month.

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Rising Petrol Prices Fuel Increase in Inflation

Experts said the stronger-than-expected data made it unlikely the Bank of England would c...

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