Tuesday, October 14, 2008
Inflation hits 5.2% - should be the peak
Posted by David Smith at 09:45 AM
Category: Thoughts and responses

The September inflation figures were again worst than expected, with consumer price inflation hitting a new high of 5.2%, well above Bank rate at 4.5%. The inflation rate rose from 4.7% in August. RPI inflation went up from 4.8% to 5%, which will provide a bonus for pensioners - the September figures are used for the annual uprating in April. Core inflation also edged up, from 2% to 2.2%. This should, however, be the worst of it. We are at or close to the peak. Details here.