Relevant:
- Pound Surges, Gilts Slump After Bank of England Lifts Inflation Outlook
- The UK inflation genie is out of the bottle
- China’s April Inflation Accelerates, Lending Surges
- Russia Imposes Inflation-Driven Price Controls: Will Use Price Caps On "Socially Important" Commodities
- Inflation could push up rail season tickets by 8%
2011-02-16 — cnbc.com
``British consumer price inflation surged to double the Bank of England's target in January, official data showed on Tuesday, raising pressure on the central bank to look seriously at increasing interest rates.''
This is just the surface. It is much higher in reality (and will be even higher) in both the US and UK.
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