UK inflation nears three-year peak as economy reopens

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LONDON, United Kingdom (AFP) — Britain’s annual inflation rate has soared close to a three-year peak as consumer prices accelerated on easing virus curbs, official data showed Wednesday. The Consumer Prices Index hit 2.5 percent in June, which was the highest rate since August 2018 and compared with a 2.1 percent gain in May 2021, the Office for National Statistics said in a statement. Inflationary pressures were partly stoked by the temporary impact of rising […]