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Inflation: why it could surge after the pandemic

By Ian Crowther, Senior Lecturer in Banking and Financial Markets, Sheffield Hallam University

Inflation is rising again in the UK, according to the Office for National Statistics. Prices in March rose 0.7% compared to a year earlier, against a 0.4% rise in February. One of the main drivers was that fuel prices have seen their biggest increase since January 2020.

This rise in inflation is roughly in line with what analysts…

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