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The Piney Point

UK inflation rises to 5-month high, further pressuring Bank of England to raise rates this year

UK inflation rises to 5-month high, further pressuring Bank of England to raise rates this year
Photo: KPRC 2 / Click2Houston (NBC) · view original

Inflation in the United Kingdom rose to a five-month high as the aftershocks of the Iran war continued to ratchet up fuel prices, official figures showed Wednesday, an increase that will pressure the Bank of England to hike interest rates again over coming months. The Office for National Statisti...

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