Britain's inflation rate rose to its highest level in 2 years

International online Report (Jangchul): The British National Bureau of Statistics announced 22nd that inflation in the UK reached an annualised rate of 4.4% this February, the highest level since October 2008. The National Bureau of Statistics said that because of soaring domestic gas and electricity prices, petrol and diesel prices reached the highest level, coupled with the rise in clothing prices, driving the consumer price index rose. Heating costs and clothing costs are the main factors leading to inflation levels rising in January and February.　　The 4.4% annual inflation rate is not only the highest in two years, but also a breakthrough for the UK central bank-the Bank of England, which had previously hoped to limit the target to 2%. In the past 5 months, Britain's inflation rate has continued to rise as world crude oil prices have risen and the British government has raised value-added tax rates.