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Inflation Surges Back Above Target

Summary by Guido Fawkes
It’s more grim reading for Chancellor Reeves, as inflation climbs above the Bank of England’s 2% target this month. According to the ONS, the consumer prices index (CPI) rose to 2.3% in October. A stronger surge than expected… The spike is mainly a result of the energy price cap hike, which led to increased costs for gas and electricity.[…] Read the rest
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Bank of EnglandBank of England
InflationInflation
United KingdomUnited Kingdom
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