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UK inflation hits near 30-year high, pressuring BoE and households

UK inflation hits near 30-year high, pressuring BoE and households

Inflation in Britain rose faster than expected to a near 30-year high in December, intensifying a squeeze on living standards and putting pressure on the Bank of England to raise interest rates again. The annual rate of consumer price inflation increased to 5.4 percent from November’s 5.1 percent, the highest …

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