Wednesday 2 June 2010

UK families face highest inflation in Western World as food prices rocket and pound plunges

Daily Mail
"Rising food bills have driven Britain's inflation rate to the highest in the Western World.The UK's Consumer Price Index (CPI) figure of 3.7per cent is two or three time higher than similar economies across Europe and beyond.New figures from the Organisation for Economic Co-operation and Development (OECD) suggest British families are suffering far more than counterparts across the globe.The 3.7per cent figure compares to just 1per cent in Germany, 1.1per cent in the Netherlands, 1.5per cent in Italy and Spain, 1.7per cent in France, 1.8per cent in Belgium.The figure has actually fallen by 2.1per cent in the past year in Ireland and by 1.2per cent in Japan."

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