UK inflation is on course to breach 18% at the start of 2023 due to skyrocketing energy bills, according to new forecasts by economists at Citi. Experts forecast that Consumer Price Index (CPI) inflation will reach 18.6% in January, which would represent the highest rate for almost half a century. Last month, CPI inflation struck a new 40-year-high of 10.1%. The Bank of England has previously...
Brits given four-month warning that inflation could hit 18%
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