Inflation rise hits debt sufferers

19/01/2010

People with debt problems'>debt problems had little to cheer today, as the cost of goods was revealed to have soared well above the government's target.

The consumer price measure of inflation – which gauges the price of a typical basket of goods - rose by 0.6 per cent last month. This is its fastest rate of increase in nine months, taking the annual rate to 2.9 per cent.

This is comfortably above the prescribed level of two per cent set by the state, and means more woe for a public already struggling to cope with rising unemployment and widespread financial difficulties.

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