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Consumers look for bargains as inflation rises

The cost of clothing, shoes and energy bills all helped to push the rate of Consumer Prices Index (CPI) inflation up to 4.5% in August, well above the Bank of England's target.

Analysts are predicting that it could rise as high as 5% by the end of 2011 before falling back.

The BBC's personal finance correspondent, Simon Gompertz, explains the impact.

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