British inflation up in September
London - British inflation rose to 5 per cent in September following sharp hikes in gas and electricity prices, figures released Tuesday showed.
The September figure, based on the Retail Prices Index (RPI), is the highest since July, 1991, the Office for National Statistics (ONS) said.
The Bank of England expects that inflation will tail off later this year. But pressure is bound to continue for a further cut in interest rates. (dpa)
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