Petrol price rises push UK inflation to record high

Rising petrol prices sent inflation in Britian to its highest level last month since current records began in 1997, official figures showed today.

Petrol price rises push UK inflation to record high
Tue, 16 Aug, 2005 - 20:35

Rising petrol prices sent inflation in Britian to its highest level last month since current records began in 1997, official figures showed today.

With motorists facing higher fuel bills due to record oil prices, the annual rate of Consumer Prices Index (CPI) inflation rose to 2.3% in July from 2% the previous month.

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CourtsBusinessHeathrowPlace: UKPlace: BritianPerson: Philip ShawPerson: Geoffrey DicksPerson: John ButlerOrganisation: Bank of EnglandOrganisation: Office for National StatisticsOrganisation: ONSOrganisation: Investec SecuritiesOrganisation: Monetary Policy CommitteeOrganisation: MPCOrganisation: CPIOrganisation: Royal Bank of ScotlandOrganisation: HSBC
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