Food inflation hits record high in UK
Food inflation in the UK hit record highs as the crisis created by Covid and Brexit was reflected in the market.
The country’s economy averaged 3.2 per cent in August, the highest level since 1997. According to the Office of National Statistics, the main reason for this is the rise in food prices.
The Bank of England’s goal was to keep inflation at 2%. It has now surpassed 3.2 per cent.
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