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Higher energy bills to blame for rising inflation

New data is set to show that prices in the UK are rising at their fastest rate for 3 years with rising energy costs to blame.

All of the six main energy suppliers have announced significant price rises for gas and electricity in recent months.

The Bank of England has already predicted that inflation will hit 5% this year but would peak this month and then begin falling.

Julia Caesar reports.

  • 18 Oct 2011