Rolling coverage of the latest economic and financial news
Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. UK inflation has climbed to a new 30-year high as soaring energy, fuel bills and food prices drive the worst cost of living squeeze in decades. Consumer prices rose by 6.2% in the year to February, up from 5.5% in January, the Office for National Statistics reports. That’s the highest inflation reading since March 1992, as household budgets come under intense pressure.
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