The inflation rate rose to 3.1% in March pushing the Pound to over $2 against the dollar on speculation that the Bank of England would raise rates. It is interesting that there rate of inflation is much higher even though they compete in the same global economy as the US does. Could it be that we are not getting the whole story? Also, they include mortgage interest in their numbers.
What the hell is "core inflation" anyway? I can only presume it is anything that doesn't fluxuate in price.
Rents are up, utilites up, gas up, food prices up, a cup of coffee up, etc., etc. And when I see a cup of coffee jump from 99cents to $1.19, that don't look anywhere near what they say the inflation rate is.