Economics
U.K.’s Inflation Jump Tests BOE’s Relaxed View on Stimulus
- Transport, food, restaurants and hotels led the gains
- People are driving more instead of taking public transport
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U.K. inflation unexpectedly accelerated to the highest level in three years in June, driven by widespread price increases that challenge the Bank of England’s argument that the surge will be temporary.
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U.K.’s Inflation Jump Tests BOE’s Relaxed View on Stimulus