U.K. inflation hit a 16-year high last month at 5.2%, more than double BoE's 2.0% target and...

|By:, SA News Editor
U.K. inflation hit a 16-year high last month at 5.2%, more than double BoE's 2.0% target and slightly worse than estimates of 5.1%. Economists believe inflation is set to decline rapidly from these highs.