Clothes and fuel costs push UK inflation to two-year high
The rising cost of fuel and clothes pushes the inflation rate above the Bank of England’s 2% target. …
Karen Ward, a chief market strategist at JP Morgan Asset Management, told the BBC: “Consumers have got all these savings they accumulated last year when they weren’t allowed out. But supply is really struggling to keep pace, and so what we are seeing therefore is pops of prices in various aspects of the consumer basket.”
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