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Abshire-Smith Market Analysis

CPI Inflation rises to 2.9%

The latest ONS inflation data came out this morning, and it showed a huge jump in the 12-month Consumer Prices Index, rising to 2.9% in August, up from 2.6% in July. These increases were broad based, with prices for clothing and footwear, furniture and household goods and restaurants and hotels rising at their fastest rates since 2012 or earlier....

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