Unravelit News - Soaring energy bills break government's inflation target

Soaring energy bills break government's inflation target

Wednesday, June 14th 2006

Inflation in May was measured at 2.2% by the Office of National Statistics (ONS), against a government target of 2%. Increases in gas and electricity prices are largely to blame, with energy prices currently growing at a rate that is ten times faster than inflation overall. The government has already announced its intention to resist expected demands for above-average public sector wage increases.

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