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The consumer prices index for June rises by half of one per cent, to 3.8 per cent

By Emily Reuben

Updated on 15 July 2008

New figures show inflation last month rose to almost twice the Bank of England's 2 per cent target.

The consumer prices index jumped by half of one per cent to 3.8 per cent, its highest level since Gordon Brown changed the official inflation index back in 1997.

The retail prices index, which includes housing costs and council tax, also rose sharply, by 0.4 per cent to 4.8.

And the news came alongside another set of grim housing and retail figures.

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