UK inflation falls by less than expected, heaping pressure on BoE

UK inflation falls by less than expected, heaping pressure on BoE

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Britain's stubbornly high inflation rate fell by less than expected last month and a closely watched measure of core price rises surged to a 31-year high, according to official data that raised the chances of more interest rate hikes. Consumer prices rose by 8.7% in annual terms in April, down…

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