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British inflation reaches 41-year high of 11.1% in October

The annual rate of consumer price inflation in the United Kingdom increased to 11.1% in October, up from 10.1% in September, according to the Office for National Statistics on Wednesday.


Reuters polled economists, who predicted an increase in inflation to 10.7%.


According to the ONS, food and non-alcoholic beverage prices climbed at the quickest rate since 1977.


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