Finance
SURGING INFLATION
puts the squeeze on company finances Inflation hit a ten-year high in November on the back of soaring energy, transport and raw material costs. 40
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he cost of living measured by the consumer prices index (CPI) surged by 5.1% in the 12 months to November, according to the Office for National Statistics (ONS) – its highest level since September 2011 and up from 4.2% the previous month. Higher fuel, energy, raw material and clothing costs were largely responsible for the steep rise. Energy bills in particular have spiralled in
