Inflation set to soar: Mark Carney must explain why cost of living is rising so rapidly | City & Business | Finance

Inflation set to soar: Mark Carney must explain why cost of living is rising so rapidly | City & Business | Finance

The Consumer Price Index (CPI) measure of inflation is predicted to hit 3.1 per cent in October when official figures are released on Tuesday.It would

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The Consumer Price Index (CPI) measure of inflation is predicted to hit 3.1 per cent in October when official figures are released on Tuesday.

It would see CPI surge beyond the 3 per cent rate recorded in September to its highest level since March 2012 when it pushed to 3.5 per cent.

Such a move would force Dr Carney to write a letter to Chancellor Philip Hammond explaining why inflation is so high.

The Government has set an inflation...

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