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الاقتصادية
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Oil price hike boosts UK inflation
The inflation rate in Britain exceeded 3.5% in September, reaching its highest level in 11 months, due to rising fuel prices, particularly diesel, which hit a record high as oil prices surpassed $100 per barrel. This has led to expectations of an interest rate hike by the Bank of England for the first time in over three years. Data indicate that inflation is expected to exceed 4% in early 2027, with a likely interest rate increase anticipated at the November 5th meeting to counteract energy price pressures and economic expansion, thereby increasing financial challenges for British households.
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