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Retail prices excluding mortgage interest payments, the central bank's main inflation guide, rose 0.5percentt.
The underlying inflation rate (excluding mortgage interest payments) rose to 3.2% way above its 2.5% target.
Excluding mortgage interest payments, inflation rose to 2.0%, still below the Bank of England's 2.5% target.
Some shareholders were irate that Mr. Killinger and other executives were excluding mortgage losses from the computation of their bonuses.
The increase is linked to the inflation measure known as RPIX – the retail price index excluding mortgage interest payments.
Excluding mortgage interest, the rate rose to 2.2percentt from 1.9percentthehe prior month, the National Statistics Office said.
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They are charged with keeping inflation (excluding mortgage-interest payments) to 2.5%.
In his lecture Mr Brown, who created the committee and told it to keep inflation (excluding mortgage-interest payments) at 2.5%, got his retaliation in first.
But throughout this period, the measure used for the target has remained the same: the retail price index excluding mortgage-interest payments (RPIX .Not for much longer.
Over the next couple of years, it expects inflation (excluding mortgage-interest payments) to remain close to its target of 2.5%.
Until the end of 2003 the bank was instructed to keep inflation at 2.5% for retail prices excluding mortgage-interest payments.
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