The Daily Telegraph

Bank under pressure as inflation balloons


The Bank of England is under pressure to scale back its emergency stimulus measures after inflation surged to the highest level for almost a decade following a jump in oil costs and chaos in the supply chain. Prices rose by 3.2 per cent last month, their fastest annual increase since 2012. That is up from 2 per cent in July, marking the sharpest month-on-month rise in the consumer price index since the Office for National Statistics started measuring it in 1997.

Business, page 1

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