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British inflation reaches 3.1% in August
Inflation in Britain rose to 3.1% in August, the highest level in five months, surpassing the Bank of England's forecast of 2.8%. This occurred ahead of the bank's announcement of its interest rate outlook, with policymakers paying particular attention to core inflation, which remained steady at 2.6%, while the services sector inflation stayed at 3.4%. Additionally, wage growth remained close to its lowest levels since 2020, amid ongoing inflationary pressures and the effects of rising energy costs.
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