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The National (Scotland)
The National (Scotland)
National
Judith Duffy

Economics expert explains why inflation has reached a 40-year high

The Bank of England has raised interest rates to try to combat rising inflation

PRICES are continuing to rise at the fastest rate in 40 years, the latest figures show.

The inflation rate edged up from 9% in April to 9.1% in May, the highest since early 1982, according to the Office for National Statistics.

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