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of <h1>UK Inflation Edges Down to 3.4% as Food Prices Climb, Challenging Economic Stability and Monetary Policy Targets</h1> UK inflation slightly decreased to 3.4% in May, falling short of economists' expectations of 3.3%. Food prices rose 4.4%, with notable increases in chocolate, sugar, and meat costs. The Bank of England's inflation target remains at 2%, and most economists anticipate the interest rate will stay at 4.25%. Geopolitical uncertainties and potential trade policy changes complicate economic forecasting.
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