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Evening Standard
Evening Standard
Business
Henry Saker-Clark

Inflation set to stay above 2% for next four years, says OBR

OBR Inflation Rachel Reeves PA Graphics

UK inflation is set to be higher than expected for the next four years and remain above the Bank of England’s target rate, according to the fiscal watchdog.

The Office for Budget Responsibility (OBR) increased its inflation forecasts for the short term, pointing towards continued pressure on household finances.

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