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Inflation likely to hit 5%, warns Bank of England chief economist

The Bank of England's new chief economist says it will have a "live" decision on interest rates next month.

Consumer goods giant Unilever says high rates of cost inflation will continue into next year.

Afghanistan's economic turmoil will fuel a refugee crisis impacting nearby countries, the fund warned.

Food and drink firms are seeing price rises of as much as 18% while manufacturers struggle with costs.

The Swedish furniture giant says it will take another year before shipping and supplies return to normal.

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