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UK economy crippled by inflation - are high prices here to stay?

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Britain has the highest inflation rate in Western Europe. Last month the rising cost of food contributed to a 10.1% inflation rate, only a slight drop from the month before.

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In the past year, the price of olive oil has gone up by 50%, cheese and eggs over 30% and vegetables 20%.

This is the sharpest 12-month food price increase since records started in August 1977.
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Category
Journals
Tags
inflation, interest rates, uk economy
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