Wednesday, 17 October 2012

Energy prices hike increases inflation yet again


Rate had actually gone down but will rise by the New Year


The recent increases in energy bills from companies like British Gas and Scottish Power have caused the rate of inflation to rise once again.

The Consumer Prices Index stood at a three-year low level of 2.2% in September, down from 2.5% in August. However, with nearly all of the big energy companies in the UK increasing prices over the past few days, the figure is likely to increase soon to around 2.6%, meaning that by the New Year the cost of living in Britain will once again be higher.

For the full story, click here to go to the Evening Standard’s website.


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