Governor of the Bank of England, Mervyn King
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Mervyn King: Energy prices could push inflation to 5%

The governor of the Bank of England, Mervyn King, has warned that higher utility bills could push inflation to 5% later this year.

Publishing the Bank's latest Inflation Report, he said there remained strong downward pressures on economic growth and upward pressures on inflation.

  • 11 May 2011