UK inflation has economy in 'chokehold' with peak yet to come

30-year high

clock • 4 min read
UK inflation expected to hit over 7%
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UK inflation expected to hit over 7%

As UK inflation hit a 30-year high of 5.5% in January, analysts have warned that it has the economy in a “chokehold”, with the peak yet to come.

According to the latest data from the Office for National Statistics, the 12-month UK Consumer Price Index was at its highest level since records began in January 1997. The last time it was higher ...

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