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

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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.