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World

Britain risks turning into a stagflation nation

21 June 2023

6:24 PM

21 June 2023

6:24 PM

Inflation figures out this morning make for grim reading: the headline rate didn’t budge, sticking at 8.7 per cent on the year in May. Far worse, core inflation (which excludes food and energy) rose once again, to 7.1 per cent on the year in May, up from 6.8 per cent in April.

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