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Evening Standard
Evening Standard
Business
City Staff

UNCOVERED: Ftse 100 live cineworld updates on debt battle markets under pressure | History Defined

More alarm bells were sounded over the state of the UK economy this morning after major investment bank Citi warned inflation could grow to as high as 18.6% next year.

In a report, Citi chief UK economist Benjamin Nabarro said: “In light of recent developments, we have updated our inflation profiles inside. We now expect CPI and RPI inflation to breach 18% and 21% respectively in Q1-23.”

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