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Inflation is rising rapidly across the world – essential goods are becoming more and more expensive. In response to surging inflation in the US – which hit 8.6% in June, the US Central Bank has increased the country’s interest rate by 0.75% – the highest hike since 1994 – to a range of 1.5% to 1.75%. Other countries have followed suit in order to ease the pressure on surging consumer prices – for…
