Inflation Hits 3%, Why is it rising?
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Inflation has risen to 3%, the highest level in ten months, catching economists off guard and raising concerns about future interest rate cuts. The Bank of England has warned that inflation could climb further in 2025, which may delay the expected rate reductions.
In this week's Market Wrap, we break down what’s driving inflation, from rising food prices to higher private school fees and airfare costs. We also explore how wage growth and global economic trends are influencing the Bank of England’s decisions.
What does this mean for mortgages, borrowing costs, and the wider economy?
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