Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Cost of living ‘has reached peak’

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

PA
Tuesday, Oct 14, 2008

New inflation figures due out should mark the peak in the spiralling cost of living seen so far this year.

Most experts predict the latest round of price hikes from energy firms will have pushed the Consumer Prices Index (CPI) – the Bank of England’s official inflation benchmark – to a new record of 5% in September.

But the dramatic events of the past month in the banking world have seen recession replace inflation as the key risk to the UK economy.

(Article continues below)

The Bank – which cut interest rates by 0.5% in a co-ordinated worldwide move last week – said that the risks to inflation had shifted “decisively” to the downside.

This means policymakers are now more worried about undershooting their 2% inflation target as prices fall in a recession.

Full article here

This article was posted: Tuesday, October 14, 2008 at 3:49 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
James Foley Beheading: What They're Not Telling You See the rest on the Alex Jones YouTube channel.

CDC Reports On Safety Breach with Bird Flu Virus See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.