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The Independent UK
The Independent UK
Business
Karl Matchett

What inflation surge means for your weekly shop - and why it has killed interest rate cut hopes

A rise in inflation to three per cent year on year has caused surprise and unease in some quarters, coming in higher than the 2.8 per cent analysts had anticipated.

While in some ways the biggest contributory factors behind the inflation jump won’t be affecting everyone - you might not be buying plane tickets this month or sending your children to private schools at any point, for example - there’s certainly one area to immediately note: food.

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