U.K. Inflation Stays at 4.5%, Fastest Since October 2008
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U.K. inflation held at the fastest pace since October 2008 last month as Bank of England policy maker Martin Weale repeated his call for higher interest rates.
Consumer prices rose 4.5 percent in May from a year earlier, matching the increase recorded in April and the median forecast of 30 economists in a Bloomberg News survey, the Office for National Statistics said today in London. Core inflation eased to 3.3 percent from 3.7 percent.