Summary
BANK OF ENGLAND boss Mervyn King yesterday warned households to expect above-target inflation to stay for "a year or so" after another sharp rise in the cost of living last month.
In a letter of explanation to Chancellor George Osborne, Mr King said inflation - which hit 3.2% in October - could rise further still.See the full content of this document
Extract
Governor Warnsof Morerises in Inflation
But he repeated assurances that factors pushing up inflation were likely only to be temporary and stuc...
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