Latest Channel 4 News:
Row over Malaysian state's coins
'Four shot at abandoned mine shaft'
Rain fails to stop Moscow wildfires
Cancer blow for identical twins
Need for Afghan progress 'signs'

Inflation hits 3.8 per cent, its highest level in 11 years

By Faisal Islam

Updated on 15 July 2008

Inflation reaches its highest level for 11 years.

The jump from 3.3 per cent to 3.8 per cent is bigger than expected, showing inflation has moved further away from the Bank of England's target of 3 per cent and suggests that it could reach a peak of 5 per cent.

But within this figure lie far more dramatic increases, especially in the cost of food which has soared to 10 per cent.

Cooking oil and other fats win the prize though, up by more than 28 per cent.

Send this article by email

More on this story

Channel 4 is not responsible for the content of external websites.


Watch the Latest Channel 4 News

Watch Channel 4 News when you want

Latest Business & Money news

More News blogs

View RSS feed

Faisal Islam on Twitter

faisalislam

Anyone work in a business that has received government notice about their caps to non-EU employment? please get in touch...

Today at 11:16

Follow us

How to tweet

How and why to follow the Channel 4 News family on Twitter.

Most watched

image

Find out which reports and videos are getting people clicking online.




Channel 4 © 2010. Channel 4 is not responsible for the content of external websites.