Inflation to stay above target

Chris Dillow

Chris Dillow
Inflation to stay above target

UK inflation could stay above its target for a long time, economists warn. Although they expect CPI inflation to fall in the next two months from the 2.7 per cent reported this week by the Office for National Statistics, most expect it to rise in the spring. Indeed, Victoria Clarke at Investec expects it to hit 3.5 per cent in June. This is partly because of rising food prices and utility bills, but also because falls in petrol and utility prices last spring will fall out of the annual inflation rate.

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