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UK inflation quickens to 3.1% in August; BoE decision ahead

British inflation accelerated to a five-month high of 3.1% in August from 2.9% in July, official figures showed ahead of the Bank of England’s expected interest-rate decision.

9% in July, official figures showed a day before the Bank of England is expected to say it is leaving interest rates unchanged despite the rise in price pressures. The increase matched the median forecast of…