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Sharjah24
British inflation rises to 3.1%
Inflation in the UK accelerated in August to reach 3.1%, its highest level in five months, up from 2.9% in July. The increase is mainly attributed to rising energy prices following the resumption of conflict in the Gulf region, despite core inflation remaining steady at 2.6% and services sector inflation at 3.4%. The Bank of England is expected to focus on core metrics to monitor inflation, amid anticipation of its interest rate decision as price pressures continue.
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