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UK Inflation Rises to New 40-Year High With More Gains Expected

  • Price pressures build with wholesale prices up most since 1977
  • Bank of England expects rate to rise above 11% in October
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WATCH: UK inflation rose to a new four-decade high last month. Bloomberg Economics’ Jamie Rush has the details.Source: Bloomberg
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UK inflation rose to a fresh four-decade high in May after broad increases in the cost of everything from fuel and electricity to food and beverages.