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Inflation now up to 5.2 per cent

By Catherine Woods, published 1 year ago in Archive.

The good news today is that the stock markets appear to be rallying following action by governments around the world to revive the banking sector...

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The bad news is inflation is now at 5.2 per cent. Ever-increasing food and oil prices are seemingly to blame.

We shouldn’t be too surprised given the Bank of England’s statement last week when it cut interest rates.

But still… ouch.

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