Inflation soared in March compared to February, driven by climbing energy and food prices, reports FocusEconomics. This sharp rise underscores the persistent hurdles consumers face as the economy fights to recover
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UK inflation has soared to its highest level since January 2024, intensifying pressure on the Bank of England as it weighs potential rate cuts. Markets are navigating cautiously, with policymakers walking a delicate tightrope between curbing inflation and supporting economic growth