The annual rate of CPI inflation hit a sixteen year high in June, rising from 3.3pc to 3.8pc.
The RPI measure also rose to 4.6pc, up 0.3 percentage points from May. Escalating food and fuel prices lay behind much of the hike in inflation, with further rises expected in the coming months. Analysts...
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Was responsible for IT and transformation
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Paul Bruns and Elaine Parkes