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Inflation in the UK saw a slight decrease in May. The Office of National Statistics reported a 3.4% rise in consumer prices. This figure is still above the Bank of England's 2% target. Air fares and transport costs decreased, but food prices increased. Economists anticipate the Bank of England to maintain its interest rate. Geopolitical uncertainty makes economic forecasting difficult.
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Food accounts for 23% of basic spending, which includes housing, clothes, health, transport and education, NI Consumer Council finds.
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Sam Altman said so far none of his "best people" had jumped ship to his big tech rival.
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News and Media
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