UK Inflation Surges to New 40-Year High in June
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Business
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University
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Practice Problem
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percentage did consumer prices rise from the previous year, prompting pressure on the Bank of England?
9.4%
10.1%
7.5%
8.2%
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the main drivers of the current inflation according to the transcript?
Healthcare expenses
Food and fuel
Real estate prices
Technology costs
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When is the peak of inflation expected to occur in the UK?
Winter
Fall
Summer
Spring
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What action is the Bank of England considering in response to high inflation expectations?
Reducing interest rates
Implementing a 50 basis point hike
Increasing taxes
Decreasing government spending
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What recent data supports the Bank of England's potential decision to increase rates?
Housing market trends
Job data and firm inflation expectations
Retail sales figures
Tourism statistics
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