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Economy

Inflation hits 40-year high at 9.4%

According to the Office for National Statistics, the biggest contributors to the latest figure was rising prices across both petrol and food

Inflation has hit a new 40-year high with consumer price inflation reaching 9.4% in June, up from 9.1% in May, as the cost of living crisis continues to accelerate, putting a further strain on household spending. 

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