UK inflation surges on higher tution fees | The Daily Star
12:00 AM, November 14, 2012 / LAST MODIFIED: 12:00 AM, November 14, 2012

UK inflation surges on higher tution fees

Share this with

Copy this link

Annual inflation in Britain surged to a higher-than-expected rate of 2.7 percent in October largely owing to massive hikes in the country's university tuition fees, official data showed yesterday.
The Bank of England's target rate is set at 2.0 percent.
"The Consumer Prices Index (CPI) annual inflation stands at 2.7 percent in October 2012, up from 2.2 percent in September," the Office for National Statistics (ONS) said in a statement.
"The main upward pressure came from the education sector (university tuition fees) with smaller upward contributions from food and non-alcoholic beverages and transport," the ONS added.

Leave your comments

Top News

Share this with

Copy this link

Top News

Top