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flag UK inflation jumps to 3.6%, highest in nearly 18 months, driven by food and transport costs.

flag UK inflation unexpectedly rose to 3.6% in June, the highest in nearly 18 months, driven by increasing food prices and transport costs. flag This surge contrasts with economists' predictions of a stable 3.4% rate. flag The Bank of England will closely monitor this trend before its August interest rate decision, potentially impacting its plans to support the slowing economy. flag Chancellor Rachel Reeves acknowledged the need to address the rising cost of living.

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