Inflation Trends in the UK Economy

Author: Eddie | Subject: Economy

Inflation Trends in the UK Economy image
Article excerpt: Prior to the consequence of the global financial crisis that commenced in 2007, inflation in the UK had remained for some years within the Bank of England’s target of 2% per annum. However, during the period from 2009 to date (mid 2011), the inflation trends in the UK economy has changed dramatically, resulting in a significant increase in the consumer price index (RPI) rate over the past twelve months.