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Corporate profiteering is driving inflation, unions warn
‘The Bank of England must act decisively and cut rates to get the UK economy back on track,’ IPPR says
People walking near the Bank of England

CORPORATE profiteering is driving inflation back up, Unite warned today after official data revealed an increase for a second month. 

Figures from the Office for National Statistics (ONS) show that Consumer Prices Index (CPI) inflation rose for a second month to 2.6 per cent in November, from 2.3 per cent — above the Bank of England’s 2 per cent target.

The Retail Prices Index rate of inflation rose to 3.6 per cent last month from 3.4 per cent in October.

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