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Birmingham Post
Birmingham Post
Business
Lauren Phillips

The story of inflation and what it means for businesses in Wales

Inflation is one of the biggest concerns now facing governments both globally and in the UK.

Soaring energy costs, supply chain bottlenecks and rising prices in food and drink has pushed the inflation rate in the UK to a 30-year high at 5.4% with the Bank of England expecting this to hit 6% in April - well above its 2% inflation target.

This inflation is now being passed on to consumers with household finances being squeezed across the board.

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