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The Money Edit
The Money Edit
Business
Stephanie Baxter

Inflation rises to 10.4% as food prices surge: what does it mean for you?

Large receipt coming out of purse on blue background

Food shortages have helped push inflation to 10.4%, which comes as a blow to consumers who are already grappling with high living costs such as high energy prices, food and expected rises in council tax. 

The Consumer Prices Index, the measure for inflation, was 10.1% year-on-year in January but today the Office for National Statistics revealed it rose to 10.4% in February. 

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