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The Independent UK

Business

Howard Mustoe

Inflation analysis: Prices rising faster means higher borrowing costs for longer amid recession fears

Inflation Recession Bank of England CBI Interest Rates

A handful of food staples swung from negative to positive annual inflation in November (Aaron Chown/PA) - (PA Archive)

The rise in inflation last month is likely to mean higher borrowing costs for longer.

Prices rose at the faster rate of 2.6 per cent in November, up from 2.3 per cent in October.

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