Consumer prices climbed 3.2 percent from a year earlier, the Office for National Statistics said today in London. The median forecast of 28 economists was for 2.6 percent. Bank of England Governor Mervyn King wrote in a letter to the Treasury explaining the increase from the 3 percent limit that a âsharp declineâ in the rate is likely to resume. Link the rests of the article: http://www.bloomberg.com/apps/news?pid=20601085&sid=a4a00k8exdVU&refer=europe This is what we have to look forward to if the quantitative easing crashes the dollar. I really don't like the direction things are going. Inflation will only slow aggregate demand further as prices rise while consumers have less to spend.