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Inflation stays at 4 per cent – despite Red Sea disruption

14 February 2024

8:36 PM

14 February 2024

8:36 PM

The government had been facing two economic challenges this week, ahead of the by-elections in Kingswood and Wellingborough: the publication of the latest inflation figures and the economic growth figures for the last quarter of 2023. It has just about survived the first challenge.

This morning’s update from the Office for National Statistics shows the inflation rate sticking at 4 per cent on the year in January, unchanged from December.

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