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Inflation highest of Bric nations.
Business, technology and wealth news: U.S. Inflation Highest In Four Months.
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The result was stagflation: high inflation, high interest rates and slow growth.
"Everyone knows Europe today is a continent with no growth, no inflation, high unemployment.
Steep rises in energy bills kept inflation high in December, the Office for National Statistics has revealed.
Wages soared, pushing inflation higher and higher in a vicious circle.
Some critics have charged that the program could push inflation higher.
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