UK inflation strikes nine-year peak as economy reopens

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by Roland JACKSON LONDON, United Kingdom (AFP) — British annual inflation spiked in August to a nine-year peak on the reopening economy, but last year’s figure had been skewed by a restaurant discount scheme, official data showed Wednesday. The Consumer Prices Index (CPI) soared to 3.2 percent, the highest level since March 2012, the Office for National Statistics said in a statement. That marked a record acceleration from 2.0 percent in July, but the ONS […]