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Inflation rate remains at better than expected 4% as food prices fall for first time in two years

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The rate of inflation has remained at 4% - despite forecasters predicting a rise, official figures show.

It's likely a positive sign for the Bank of England, which has been raising interest rates and making borrowing more expensive in an attempt to bring inflation down to the target rate of 2%.

Read more: https://news.sky.com/story/uk-inflation-rate-remains-at-4-13071253

#inflation #economy #bankofengland

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Category
World
Tags
sky, inflation, rise
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