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U.K. Inflation Falls for Second Month but Food Prices Soar

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wsj.com

The U.K.’s annual rate of inflation fell for a second straight month in December, but food prices rose at the fastest pace in more than four decades, part of a global trend that threatens many households around the world with further hardship this year.Consumer prices in the U.K.

were 10.5% higher than a year earlier, a slower rate of inflation than the 10.7% recorded in November as gasoline prices cooled, the Office for National Statistics said Wednesday.

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