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UK consumer prices increased more than expected in March to remain stubbornly high on rising food prices and strengthened the call for a quarter point interest rate hike at the next Bank of England policy meeting in May.
UK consumer price inflation unexpectedly accelerated in February after slowing for three straight months, adding to the dilemma of the Bank of England policymakers who are set to decide this week whether to raise interest rates this month in the backdrop of the financial market turmoil.