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U.K. Inflation Surprises With Jump to Highest in 30 Years

  • Food, drink, hotels and restaurants drive surge in prices
  • Figures add to pressure on the BOE to raise interest rates
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WATCH: The surge in inflation adds pressure on the BOE to rein in price growth. Lizzy Burden reports.Source: Bloomberg
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Britain’s inflation rate surged unexpectedly to the highest since 1992, sharpening a squeeze on households and adding to pressure on the government and Bank of England to respond.