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UK inflation jumps to 2.1% as petrol and clothing prices rise

Bank of England target breached for first time in two years to fuel fears of sustained rise in cost of living

UK inflation jumped to 2.1% in May, breaching the Bank of England’s target for the first time in two years and stoking fears that the easing of pandemic restrictions since March will lead to a sustained rise in the cost of living.

The price of fuel was one of the main drivers of May’s increase, soaring by almost 20% from last year to push the rate of inflation up from 1.5% in April.

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Read the original article at The Guardian

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