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Rise in U.K. Inflation Leaves Central Bank Caught Between Growth and Rising Prices
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LONDON—Inflation in the U.K. rose at its fastest annual rate in nearly three decades last month, keeping up the pressure on the Bank of England to raise its benchmark interest rate again.
The BOE has already raised its policy rate twice in recent months, moving faster than any other major central bank to curb prices that have surged due to global supply shortages and higher energy costs.
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