...according to their website (http://news.bbc.co.uk/1/hi/business/7458209.stm) I'm p!ssed off with the cack I've been reading about the government/ Bank of England and need to get this off my chest (call it therapy if you want): The Bank of England is reporting that inflation is likely to rise in the second half of the year to above 4%. (http://www.guardian.co.uk/business/2008/jun/17/inflation.interestrates4). Isn't this a rather low figure? The Times says that "Food-price inflation has already pushed up a typical familyâs weekly shopping bill by 15 per cent in a year." (http://business.timesonline.co.uk/tol/business/industry_sectors/consumer_goods/article3799327.ece) and electricity and gas prices have increased approx 15% this year alone (http://news.bbc.co.uk/1/hi/business/4684886.stm) (on top of the big increases over the past few years). Petrol and diesel prices have shot up and higher interest rates will be hitting those on variable rate mortgages. I'm certainly not an expert on economics but if the rate of inflation is calculated by the goods (fuel, food, energy etc) a family spends their income on how come "Chancellor Alistair Darling agreed with the Bank of England's assessment for the rising rate of inflation"? http://news.bbc.co.uk/1/hi/business/7458209.stm. It HAS to be more than 4% yup, but come on it must be a LOT MORE. Sorry, had to get that off my chest, fecking 4% my arrse. However I guess 4% looks better than 15%!