Inflation accelerated in December at a record pace, prompting worries that interest rates might rise sooner than expected, though the surge was largely due to an unflattering comparison with a year earlier. The jump left markets keenly eying a speech due later from central bank governor Mervyn King for signs of the impact on the bank's medium-term inflation outlook, but most were still upbeat on the chances of inflation eventually coming back to target.
http://news.stv.tv/business/151359-inflation-at-9month-high-in-december/
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