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Evening Standard
Evening Standard
Business
Oscar Williams-Grut

Bank of England warns inflation will hit 7.25% by April

Bank of England Bank

Andrew Bailey (left) is governor of the Bank of England (Justin Tallis/PA)

(Picture: PA Wire)

The Bank of England has been forced to increase its forecast for peak inflation yet again, admitting price rises are likely to reach 7.25% in April.

The central bank said on Thursday that inflation was likely to hit 6% this month and next before peaking at 7.25% in April.

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