Inflation in the UK has seen its biggest jump since records began in 1997.
The Consumer Prices Index hit 3.2% in the year to August, up from 2% in July.
The Office for National Statistics says rising food costs were a major factor.
Senior Investments Analyst at Hargreaves Lansdown Susannah Streeter says the Bank of England will be paying close attention to whether this is a temporary spike - or something it needs to address.
IN: 'For months...
OUT: ...sort out.'
DUR: 27 seconds
http://www.fsnradionews.com/feeds/0915inflation-streeter1.mp3
The Consumer Prices Index hit 3.2% in the year to August, up from 2% in July.
The Office for National Statistics says rising food costs were a major factor.
Senior Investments Analyst at Hargreaves Lansdown Susannah Streeter says the Bank of England will be paying close attention to whether this is a temporary spike - or something it needs to address.
IN: 'For months...
OUT: ...sort out.'
DUR: 27 seconds
http://www.fsnradionews.com/feeds/0915inflation-streeter1.mp3