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16
Feb

UK Inflation Jumps To 14-Month High

Posted by Bernard Coker (0) Comment

UK inflation rate spiked up to a 14-month high of 3.5% in January, data showed today, as the VAT hike and other one-off factors kicked in.

The Office for National Statistics said unfavourable base effects resulting from sharply falling oil and food prices a year ago combined with January’s VAT hike to explain most of the rise.
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Category : Economy News | Blog
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