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U.K. Inflation Tops 5%, Fastest in a Decade

  • Clothing, auto fuel and second hand cars lift rate to 5.1%
  • Figures may increase pressure on BOE to raise intetest rates
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The Inflation Genie Is Out of the Bottle: JPM's Michele
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U.K. inflation surged to its highest level in more than a decade in November, exceeding 5% months before the Bank of England had expected.