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UK inflation rises to 0.7%; Covid-19 fears weigh on markets – business live

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Rolling coverage of the latest economic and financial news, as rising fuel and clothing costs push up the consumer prices index

On a monthly basis, the UK consumer prices index rose by 0.3% in March. That was mainly due to the cost of motor fuels and clothing going up, helping to push the annual inflation rate to 0.7%.

 

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