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U.K. inflation rate hits a new 40-year high of 9.1%

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An entrance to Waterloo underground station stands shuttered closed for strike action in Waterloo railway station, in London, Tuesday, June 21, 2022.

The increase is in line with analysts’ expectations and comes as the Bank of England says inflation could hit 11% in October, when a cap on domestic energy bills is lifted.

(Image credit: Matt Dunham/AP)