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Surging petrol and food prices last month pushed British inflation to its highest in 40 years, according to official figures that bolstered the chances of a rare half percentage-point Bank of England (BoE) interest rate hike next month.

The Office for National Statistics (ONS) said annual consumer price inflation rose in June to 9.4%, the highest since February 1982, up from May's 9.1%...

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