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UK inflation rate rises to 3.1%


Inflation rose to 3.1% in November, the highest in nearly six years, as the squeeze on households continued.Mark Carney, the governor of the Bank of England, will now have to write a letter to Chancellor Philip Hammond explaining how the Bank intends to bring inflation back to its 2% target.The most recent data shows that average weekly wages are growing at just 2.2%.
Source: BBC