European Union Forums

[Faw_Peter]

According to the UK Office for Statistics the inflation is generally reasoned by high food and fuel costs. Experts believed that it will reach only 2.5%. It will make the Bank of England cut interest rates.

[euigorwithyou]

Taking into consideration the increasing prices 3% is not a high inflation even for the UK. The problem though is that the UK inflation could be higher over next few years.

[Terry]

Taking into consideration the increasing prices 3% is not a high inflation even for the UK. The problem though is that the UK inflation could be higher over next few years.

consumers' purchasing power will decrease and consequently people will begin making savings