Bank’s King adamant inflation will fall

mervyn-king

Inflation in the UK is expected to fall sharply in the coming quarters, as temporary factors placing upward pressure on prices begin to dissipate, Mervyn King, the governor of the Bank of England, said on Tuesday, only hours after latest estimates showed inflation had risen to its highest level in four years.

Data published by the Office for National Statistics on Tuesday showed that annual inflation in the UK rose to 5.2% in September, up from 4.5% in August, its highest level since September

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