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Bank of England Pressed to Rein in Inflation

Food, energy prices soar, push inflation to highest rate in 16 years

By Jim O'Neill, Newser User

Posted Aug 13, 2008 10:26 AM CDT

(Newser) – Great Britain’s inflation rate—driven by energy and food prices rising at the fastest pace in more than 20 years—is on track to hit 5% by autumn, reports the Guardian. The cost of living jumped 0.6% to a 16-year high of 4.... Read full story »

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Bank of England Pressed to Rein in Inflation

Food, energy prices soar, push inflation to highest rate in 16 years

inflation • core inflation • credit crisis • food prices • Bank of England

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More Newser Stories

Bank of England Cuts Interest Rate

Bank votes quarter-point cut to 5% as downward pressure mounts

Consumer Prices Flat in Feb.

Lack of increase means Fed has an open door to a big rate cute next week

Thanks for Nothing: Pecan Prices Up 22%

Blame China, droughts for soaring cost of Thanksgiving staple

Davos Brimming With Optimism for 'New Reality'

But rising food prices, political uncertainty are cause for concern

Glenn Beck's Advice: Sell Your Stuff!

Prices are rising, and you should be prepared, he warns

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