Inflation surge surprises UK economists
The Bank's last Inflation Report predicted as its baseline scenario that inflation would reach 3% towards the middle of this year.
But the pace at which inflation has quickened, from 2.5% in March to 3% last month, has taken economists across the City of London by surprise.
"Inflation was expected to rise from 2.5% to 2.6%," said George Buckley, the chief UK
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