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flag UK inflation hits 3%, highest in a year; experts advise moving savings to higher-interest accounts.

flag UK inflation reached 3% in January, its highest in 10 months, due to higher plane fares, food costs, and private school fees. flag NerdWallet UK reports that about 42 million adults could lose £300 this year. flag Experts recommend shifting to competitive savings accounts with interest rates of 4% to 5% or regular savings accounts with 6% to 8% interest to avoid losing money to inflation.

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