Inflation hike hits FTSE

The rise in UK inflation to an eight-year high sent investors scurrying to the sidelines today in a disappointing session for blue-chip stocks.

Inflation hike hits FTSE
Tue, 13 Sep, 2005 - 12:36

The rise in UK inflation to an eight-year high sent investors scurrying to the sidelines today in a disappointing session for blue-chip stocks.

Petrol prices were behind the increase in inflation to 2.4% in August, which analysts believe will quieten calls among members of the Bank of England for more rapid cuts in interest rates.

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