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flag UK inflation hits 3%, highest in 10 months, driven by food, travel, and education costs.

flag UK inflation surged to a 10-month high of 3% in January, exceeding forecasts of 2.8%. flag This rise was driven by higher food costs, airfares, and private school fees. flag The Bank of England predicts inflation will peak at 3.7% in late summer, potentially complicating plans for further interest rate cuts aimed at keeping inflation near the 2% target.

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