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Inflation is now outstripping wage growth

London : United Kingdom | 4 months ago
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Official data released by the Consumer Prices Index (CPI) today show that the inflation rates has risen by 16% in the space of a month to a new high of 4.4%.

Reports of economists "disturbed" by the unexpected high rates underlines the real issue that the average person will end up considerably worse off at the end of the year because inflation is now outstripping wage growth.

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