Sentences with phrase «consumer price inflation hit»

Consumer price inflation hit 2.3 percent last month, shooting past the Bank of England's 2 percent target and its strongest in nearly three - and - a-half years.

Not exact matches

It is worth noting that the core Consumer Price Index (excluding food and energy) stood at a year - on - year rate of 1.8 % in July, and that the Fed may be content to see inflation at least trending upward — without necessarily hitting 2 % in the near term — before deciding to act.