Extract . . .
The pound's weakness in recent years coupled with surging commodity prices have driven inflation higher. The VAT increase to 20%, from 17.5%, in January is another factor. "But even after making reasonable assumptions about these influences, inflation has remained elevated and hard to explain," said Allan Monks at JP Morgan.
Read more here:
http://www.guardian.co.uk/business/2011/feb/15/inflation-q-and-a
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