Bank of England expected to raise interest rates again after UK inflation only dips to 10.1% – as it happened
by Graeme Wearden from Economics | The Guardian on (#6AYCK)
UK inflation failed to drop into single-digit levels last month as food prices kept soaring, meaning central bank expected to raise borrowing costs again
Food prices accelerated at their fastest rate in over 45 years last month, adding to the inflation pain suffered by households.
Food and non-alcoholic beverages inflation jumped to 19.1% per year in March, today's CPI inflation report shows. That's up from 18% per year in February.
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