British inflation rate rises to 4%

UK inflation accelerated to the fastest pace in more than two years in January, forcing Bank of England governor Mervyn King …

UK inflation accelerated to the fastest pace in more than two years in January, forcing Bank of England governor Mervyn King to explain to the government what will be done to tame price gains.

Consumer prices rose 4 per cent from a year earlier after a 3.7 per cent increase in December, the highest since November 2008.

  • Join The Irish Times on WhatsApp and stay up to date

  • Sign up to the Business Today newsletter for the latest new and commentary in your inbox

  • Listen to Inside Business podcast for a look at business and economics from an Irish perspective