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flag UK inflation hit 3%, its highest in 10 months, driven by rising airfares, food, and school fees.

flag UK inflation rose to 3% in January, its highest level in 10 months, driven by higher airfares, food costs, and private school fees. flag This increase exceeded analyst predictions of 2.8%, putting pressure on the Bank of England to reconsider interest rate cuts aimed at keeping inflation near the 2% target. flag The Bank of England predicts inflation could peak at 3.7% in late summer.

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