U.K. Inflation Accelerates on Record Air-Fare Increase for May

U.K. inflation accelerated more than economists forecast in May as a record jump in air fares for the month helped extend its persistence above the Bank of England’s 2 percent target. Consumer prices rose 2.7 percent from a year earlier, compared with 2.4 percent in April, the Office for Nationa…

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U.K. Inflation Accelerates on Record Air-Fare Increase for May

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