Food and Petrol Inflation in UK

More bad news for the UK economy as CPI inflation jumped up to 3.8% yesterday. However, statistics also showed a jump in unemployment; the claimant count moved above 1 million for the first time in several months.
The Bank of England said they were powerless to stop the inflation as they don’t want to risk increasing interest rates given present difficulties.

Variations in Inflation Rate

From the diagram below, you can see the large variations in inflation for different groups of goods.
Food, energy and education are the worst affected (interestingly people never talk about inflation here)
If you like buying cheap clothes from Primark and using a mobile phone, it’s not so bad though.

• Price of Milk has increased 22% to 43p a pint.
• Price of Petrol has increased 21% to £1.18

Zimbabwe inflation

Spare a thought for Zimbabwe; their inflation rate passed the 2.2million % rate. Zimbabwe inflation