UK inflation hits 40-yr high of 10.1%

LONDON, August 17

Britain’s inflation rate rose to a new 40-year high of 10.1% in July, as rising food prices tightened a cost-of-living squeeze fuelled by soaring energy prices. Consumer prices inflation hit double digits, a jump from 9.4% in June and higher than analysts’ central forecast of 9.8%. — AP

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