Summary
THE benchmark annual UK inflation rate has recorded its biggest leap in any month since comparable records began in 1997 - surging from 1.9% in November to 2.9% in December.
Sterling jumped after the Office for National Statistics unveiled the much-stronger-than-expected inflation figure yesterday morning.See the full content of this document
Extract
Uk Inflation Rate Hits 2.9% After Vat Change
The City had predicted a sharp rise in benchmark annual consumer prices index inflation in December - partly because the temporary cut in the value-added tax rate took effect in December 2008 - but only as far ...
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