Economics

Double-Digit U.K. Inflation Emerges as Risk in BOE Scenario

Sharp energy hike in October lifts inflation to 41-year high
Surge threatens to worsen country’s cost of living crisis

BOE Hikes Rates to Pre-Pandemic Level in 8-1 Vote

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By Philip Aldrick

March 17, 2022 at 3:41 PM UTC

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The Bank of England has signalled that households could face-double digit inflation before the end of the year for the first time since the early 1980s.