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المشهد العربي
British inflation stays above target
Inflation rates in the United Kingdom remained steady in May at 2.8%, with annual and core inflation staying at 2.6% and 3.7% respectively, despite exceeding the Bank of England's target of 2%. The Bank is expected to hold interest rates at 3.75% during its upcoming meeting, awaiting an assessment of the energy crisis's impact on the economy. The transportation sector contributed to supporting inflation, while food and beverage prices declined, amid expectations for further monetary policy developments.
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