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UK inflation falls only slightly in March



Official data on Wednesday showed that UK consumer price inflation fell less than expected to 10.1% in March from 10.4% in February and is now the highest in Western Europe.

Economists polled by Reuters had forecast CPI would fall to an annual rate of 9.8% in March, moving further away from October’s 41-year high of 11.1%, but still eroding the spending power of workers whose wage gains have been smaller.

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