Telegarph
"Inflation held steady in July, confounding expectations of a decline, as price rises in games, toys and hobbies offset falls in food, official figures showed on Tuesday. ....Charles Davis, economist at the Centre for Economics and Business Research said that inflation had remained higher than expected partly because of sterling's relative weakness and partly because signs that the worst of the global recession is drawing to a close were pushing up prices."There are signs of recovery in global demand which has led commodity prices to rebound. Japan, France and Germany all emerged from recession in the second quarter of 2009; whilst key emerging Asian economies China and South Korea are accelerating," he said."
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