Inflation hits 2.9% in June as price pressures continue

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UK CPI inflation rose from 2.7% to 2.9% in June, with the largest upward contributions coming from petrol, clothing and footwear.

The rise, while below economists' expectations of a rise to 3%, continues a gradual creep higher in the inflation rate seen in recent months. But the number means new Bank of England governor Ma...

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