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World

Welcome to the new era of high inflation

23 March 2022

10:12 PM

23 March 2022

10:12 PM

There was a time when a chancellor would have bitten off the hand of a national statistician who offered him an inflation rate of 6.2 per cent. But that takes us back to the days of Denis Healey and the early months of Geoffrey Howe’s time in Number 11. There is little disguising this morning’s grim news, however.

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