Gold surges nearly 2% to new record high; UK food inflation slows and fuel prices fall while clothes prices rise Gold surges nearly 2% to new record high; UK food inflation slows and fuel prices fall while clothes prices rise A sharp pickup in inflation from April is all but guaranteed. Ofgem’s 6.4% increase to its price cap, after a large fall last year, means we expect the energy component will add 0.7ppts to CPI inflation in April. A significant increase in water bills means the contribution

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