UK inflation jumps to 2.7% in May

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UK CPI inflation rose from 2.4% to 2.7% in May, according to the Office for National Statistics, a larger than expected rise driven by transport and clothing costs.

The rise takes the headline inflation rate back to levels seen between October 2012 and March 2013, erasing the drop to 2.4% seen last month. Economists had expected a rise back up to 2.6%. The ...

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