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Inflation & Prices

UK Inflation Hits Double Digits for the First Time in 40 Years

  • Consumer prices rose 10.1% from a year ago, more than expected
  • Inflationary pressure moves beyond energy into food costs
Bloomberg business news
WATCH: UK inflation climbed faster than expected last month to the highest in 40 years. Lizzy Burden reportsx.Source: Bloomberg
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UK inflation accelerated more than expected last month to the highest in 40 years, intensifying a squeeze on consumers and adding to pressure for action from the government and Bank of England.