Gloomy Outlook for Inflation As Wheat Ban Lifts Food Prices

Summary


SOARING food prices and higher utility bills are likely to prove the wild cards when August's inflation figures are released on Tuesday.

And with VAT due to rise to 20 per cent in January, the cost of living outlook is getting gloomier as winter approaches.

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Extract


Gloomy Outlook for Inflation As Wheat Ban Lifts Food Prices

Mervyn King, Governor of the Bank of England, warned the Governm...

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