Inflation jump exposed in BoE report

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The Bank of England revealed a spike in UK inflation and continued sluggish growth in its latest inflation report, released today (November 14). "We face the rather unappealing combination of a subdued recovery with inflation remaining above target for a while," said Mervyn King, governor of the Bank of England.

Although CPI inflation has "fallen sharply" during the past year, in October it rose to 2.7%, up from 2.2% in September, the report said. King added that tuition fee increases were respo

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