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U.K. Inflation Surges to Highest in a Decade on Energy Costs

  • Fuel, restaurants and hotels contributed to jump in prices
  • Retail price index linked to gilts was highest since 1991
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WATCH: The pickup in inflation adds pressure on the Bank of England to raise rates. Lizzy Burden reports.Source: Bloomberg
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U.K. inflation climbed faster than expected to the highest in a decade, heaping pressure on the Bank of England to raise interest rates and tightening a squeeze on living standards for households.