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Anne-Marie Trevelyan, the international trade secretary, has warned that inflation will experience a further “bump” before prices are likely to stabilise.
In a Q&A after delivering a speech on green trade at Bloomberg’s HQ in London, she said countries around the world were facing a “a global battle against inflation”. She went on:
This is something we have to tackle across the board.
And the worry we always have is that inflation tends to have two bumps to it.