Bread prices 'set to rise again'
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Associated British Foods warns that prices of brands that include Kingsmill and Allinson will have to rise again.
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As policy makers around the world respond to the threat of accelerating inflation, The Bank of England yesterday raised interest rates for the fifth time in little less than a year and Jean-Claude Trichet, president of the European Central Bank, hinted at a possible rate increase later this year .
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Rising food costs helped push prices up for a second straight month, more than offsetting a moderation in energy price increases as inflation showed signs of gaining steam.
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holding off inflation worries for another month - though economists warned higher prices may be on the way. Prices paid by businesses fell
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Wages rose faster than expected in the June-August period but analysts say the increases are still not high enough to cause inflation worries at the Bank of England.
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UK inflation accelerates to its highest for almost a decade, increasing the chances of an interest rate rise next year.
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The pound rose after news that UK producer prices rose sharply in January to levels not seen in nearly five years.
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Higher oil and food prices push up inflation in the eurozone to its highest in more than six years.
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Prices paid to US producers rose 1.7 percent last month, the biggest jump in 14 years, as higher energy and food costs suggested that inflation is picking up.
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Grocery shoppers probably have noticed that food and beverage prices are higher in general this year and up sharply for some products. You can blame corn.
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Average house prices in the UK are accelerating again,  the government's figures indicate.
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Inflation continued to creep up in December, but the rise in prices will likely do little to hold back an interest rate cut by the Federal Reserve this month.
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UK inflation rose to 2.2% in January, up from 2.1% in December, as transport costs rose, official figures show.
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Business & money: Nationwide building society says the annual rate of house price inflation has risen to 9.7%, despite higher interest rates.
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Rising energy and transport costs helped push inflation higher last month, raising the prospect that interest rates may increase next year.
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WASHINGTON -- Federal Reserve officials are expected to nudge interest rates up tomorrow for a fifth time this year, another small step in a campaign to gradually lift borrowing costs before inflation rears its head.
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The pound was well-bid after the Bank of England said the main measure of UK inflation may climb to 3.0 percent over the next six months, sparking speculation of further rate hikes.