PBR: CPI inflation to reach 3%
Share
Chancellor Alistair Darling says the Consumer Price Index will reach 3 per cent in 2010.
Speaking at today’s pre-Budget report, Darling predicts CPI will rise to 3 per cent during next year before falling again. He says the Bank of England expects inflation to be at 1.5 per cent by the end of the year, 0.5 per cent below target.
If you enjoyed this article, sign up here to receive daily email updates from Money Marketing and Follow @_moneymarketing
Readers' comments (1)
adrian franks | 9 Dec 2009 2:37 pm
I assume we can rely on Mr Darlings current predictions in much the same way as his prediction in 2008 that we would only be in recession for 2 quarters after the stimulus package.
Unsuitable or offensive? Report this comment