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Evening Standard
Evening Standard
Business
Simon English

Inflation hits 30 year high as cost of living crisis grows

Bank of England Bank

INFLATION hit a fresh 30 year high in January, putting more pressure on family finances and on the Bank of England.

Official figures show the Consumer Price Index was at 5.5%, slightly higher than City forecasts of 5.4%. It was last higher in March 1992, when it stood at 7.1%.

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