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Rise in UK cost of living slows in September

UK price increases dipped slightly in September as that country's economy continued to reopen.
 
The increase in the cost of living, as measured by the Consumer Prices Index, fell to 3.1% in the year to September, down from 3.2% in August.
 
Higher prices for transport were the biggest contributor to price rises.
 
It comes after the Bank of England warned it will have to act over rising inflation, suggesting interest rates may rise soon.


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