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Beyond the peak: How has the inflation crisis shaped the UK economy?
UK inflation data due on Wednesday is expected to fall close to the government’s 2% target. Almost three years on from the start of price spikes, how has the economy changed? After a long, gruelling wait, markets and policy makers are expecting the UK's Office for National Statistics to deliver good news this week. For the first time since July 2021, experts hope the country's inflation rate will return below - or close to - the state's target of 2%. Such a result would signal the end of a prolonged price crisis, which peaked with rates at 11.1% in October 2022, a 40-year high. Now, as costs cool, the UK's ... (full story)