Bank Warns British Inflation Could Top 4%

Prices are rising sharply this year, up from 3% in April to 3.3% in May—the highest since 1992. The Bank of England foresees 4% by yearend

Inflation is likely to rise sharply this year to above 4 per cent, the Bank of England has warned. Last month, it rose to 3.3 per cent, from 3 per cent in April. Inflation is at its highest since July 1992, and some way off the Government's target of 2 per cent.

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