British Feb. consumer prices rise more than expected

By year-end I expect we will be seeing some nasty inflation surprises here in the U.S. Basic material prices have begun to rise. Oil and especially copper have rallied nicely this year. Food commodities have been rising as well. The inevitable decline of the U.S. dollar will result in import inflation. It should have been no surprise to the Brits that inflation would begin appear. The pound has dropped dramatically and inflation follows currency destruction.-Lou

British Feb. consumer prices rise more than expected

LONDON (MarketWatch) -- British consumer price inflation rose 0.9% in February, for a 3.2% rise compared to the same month a year ago, the Office for National Statistics reported Tuesday. Expectations were for a 0.2% monthly increase and a 2.5% annual jump.