Sunday, April 15, 2007

U.K. Inflation Rate Probably Held at Second-Highest in a Decade in March

(Bloomberg) -- U.K. inflation probably held at the second-highest rate in a decade in March, adding to the case for an interest-rate increase as soon as next month, a survey of economists shows.

Consumer prices may have risen 2.8 percent from a year earlier, the same pace as in February, according to the median of 33 forecasts in a Bloomberg survey. In December, inflation reached 3 percent, the highest since 1997. Other government reports this week may show retail sales rose and unemployment fell in March, separate surveys show.


Read more at Bloomberg Bonds News

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