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Inflation & Prices

UK Inflation to Rise Past 18% in Gas Crisis, Citigroup Says

  • Soaring energy costs may force BOE to raise rates to 7%
  • Citi expects government to launch £40 billion support package
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UK inflation is on track to rise above 18% for the first time in almost half a century next year as energy prices rocket, according to the investment bank Citigroup.