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The Independent UK
The Independent UK
Henry Saker-Clark

UK households to face sharper rise in inflation than previously thought, IMF warns

International Monetary Fund United Kingdom Inflation Andy Burnham Economic Growth Institute for Fiscal Studies Office for National Statistics

British households face a steeper increase in inflation than earlier predictions suggested, driven by escalating energy and food costs linked to conflict in the Middle East, the International Monetary Fund (IMF) has warned.

Updated projections also indicate that Prime Minister Andy Burnham will see UK economic growth slow down over the coming year.

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