Britain's inflation hits 10.1% and set to go even higher, economists say - CBC News

Britain's inflation rate has risen to a new 40-year high of 10.1 per cent in July as climbing food prices tightened a cost-of-living squeeze fueled by soaring energy prices.

Britain's inflation rate rose to a new 40-year high of 10.1 per cent in July, a faster pace than in the U.S. and Europe as climbing food prices in the United Kingdom tightened a cost-of-living squeez… [+3066 chars]

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