UK inflation rose to 7 per cent, hitting a fresh 30-year high after fuel prices surged and raising pressure on the Bank of England to increase interest rates again.
Consumer prices increased at an annual rate of 7 per cent last month, up from 6.2 per cent in February and well above the 0.7 per cent recorded in March 2021, according to data published by the Office for National Statistics on Wednesday.
The reading was above the 6.7 per cent forecast by economists polled by Reuters, and the highest level since March 1992, when it reached 7.1 per cent.
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