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

flag UK inflation rose to 3.6% in June, the highest level in nearly 18 months, driven by rising food prices and transport costs. flag This was higher than economists' expectations of 3.4%. flag The increase in food prices, which have risen for three consecutive months, and higher transport costs, particularly air fares, were key factors. flag The Bank of England will monitor these figures ahead of its August interest rate decision, potentially affecting plans for rate cuts. flag Chancellor Rachel Reeves acknowledged the ongoing cost of living challenges and pledged to support the public through government initiatives.

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