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The Independent UK
The Independent UK
National
Danica Kirka

UK central bank may hike rates after big jump in food prices

Copyright 2023 The Associated Press. All rights reserved

Something unexpected may force the Bank of England to approve an 11th consecutive interest rate increase Thursday: a shortage of fresh vegetables.

The scramble for peppers, cucumbers and spinach last month helped push inflation to 10.4% in February, surprising analysts who expected prices to drop into single digits for the first time in seven months.

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