January 16, 2007

High UK cost of living announced

Filed under: Uncategorized — ubikcan @ 7:34 am

As I mentioned in my first return post, the cost of living in the UK is very high. A regular cup of coffee (not Starbucks) can be $4. And a packet of chips are about L1 ($2)! I remember when you could get three orders of fish and chips for the same amount. Now fish and chips with peas and gravy is L3.60 or about $7.20.

Today it was announced that consumer-price inflation is at an 11-year high.

The story continues:

A week after householders were hit by another rise in interest rates, some City analysts predict the inflation rate for December will be close to 3%. The target rate is 2% – but if it goes above 3%, the Bank’s governor Mervyn King would have to write a letter of explanation to the government.


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