Rolling coverage of the latest economic and financial news
Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Inflation in the UK has soared to a ten-year high as rising energy bills, fuel costs, second-hand car prices and food hit families and businesses. Data just released shows that the Consumer Prices Index surged to 4.2% in the 12 months to October, double the Bank of England’s inflation target and the highest since November 2011. That’s up from 3.
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