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U.K. Inflation Jumps to 10.1%, Pushed Higher by Food



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Consumer prices in Britain continued to jump higher in July, rising 10.1 percent from a year earlier. It was the fastest pace since 1982 and has intensified the pressure on household budgets being squeezed by surging energy and food costs.Rising food prices pushed the annual inflation rate into double digits for the first time in four decades. Food prices alone rose 2.3 percent from June to July, the fastest monthly increase in 21 years, with notable increases among staples like bread, cereal, milk, cheese and eggs.Overall, inflation rose more quickly than economists had expected, with prices rising 0.6 percent from the previous month, the Office for National Statistics said on Wednesday. The annual rate of inflation was 9.4 percent in June.Rising prices have become an intense global problem troubling households and central bankers from Australia to the United States, and are …

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