U.K. Inflation Rate Remains In The Double Digits

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The U.K. inflation rate remained in the double digits for the second consecutive month with annual price increases of 10.1% seen in March.  Capital Economics, an independent economic research business based in London, said that the stubbornness of high inflation makes it more likely that a rise in interest rates to 4.5% at the next Bank of England meeting in May might not be the last.  U.K. inflation has not been falling as quickly as in numerous other European countries which saw lower energy prices reflected in the March data, but headline rates for the U.K. are anticipated to drop considerably next month.