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Evening Standard
Evening Standard
Business
Jonathan Prynn

Supermarket prices on the march again as food inflation hits 4.4%

Inflation Interest Rates

The rate of inflation fell slightly to 3.4% in May despite the fastest jump in food prices for more than a year.

The Consumer Prices Index (CPI) - the headline measure of inflation - was 0.1% down on the official April figure although the Office for National Statistics (ONS) said earlier this month this had been overstated by 0.1% because of an error in collecting date on vehicle road tax.

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